OpenAI IPO
OpenAI is the AI company behind ChatGPT, GPT-4, and DALL-E, which have transformed how people interact with artificial intelligence. The company has generated billions in annualized revenue and counts Microsoft as its largest investor and cloud partner. OpenAI is reportedly considering a public offering that could value it at over $100 billion.
Key Facts
| Industry | Artificial Intelligence |
| Founded | 2015 |
| Headquarters | San Francisco, CA |
| Employees | ~1,700 |
| Website | openai.com |
| Funding | Record-breaking $122 billion funding round closed in March 2026. Previous rounds at $157B valuation. Total raised now exceeds $135B with the latest round representing Silicon Valley's largest-ever funding round. Market speculation suggests potential IPO valuation could approach $1 trillion. Revenue has reportedly hit $25 billion annualized as of May 2026 (up from $14 billion previously), though profitability is not expected until 2030. However, leaked 2025 financials reported by qz.com on June 16, 2026 show OpenAI posted a $38.5 billion loss, with the Financial Times reporting that spending hit $34 billion last year ahead of the planned IPO. Competitor Anthropic's revenue has reportedly surpassed OpenAI's as of late May 2026, intensifying the IPO race between the two AI giants. Microsoft agreed to a $38 billion revenue cap in mid-May 2026. OpenAI committed to spending more than $20 billion on Cerebras chips and received a stake in the chip startup, which completed its IPO on May 14, 2026, rising 89-109% on its first day and providing a significant payday for OpenAI. SoftBank secured a $40 billion bridge loan backed by eight banks in April 2026. Fortune reported on June 10, 2026 that Goldman Sachs and Morgan Stanley are competing to lead the IPO, with Bloomberg having reported on May 29, 2026 that OpenAI has discussed adding Citigroup and JPMorgan to its underwriter lineup for the IPO. |
About OpenAI
OpenAI is the creator of ChatGPT and GPT-4, breakthrough generative AI models that have fundamentally transformed public perception and adoption of artificial intelligence. The company's large language models power applications across content creation, coding assistance, customer service, and knowledge work, making OpenAI one of the most valuable AI companies globally. Beyond consumer applications, OpenAI provides API access to its models, enabling thousands of businesses to integrate advanced AI capabilities into their products and services. The company's rapid scaling from research organization to commercial powerhouse reflects both the transformative potential of generative AI and the intense competition in the AI infrastructure space. OpenAI's partnership with Microsoft and its transition from non-profit to capped-profit structure have positioned it at the center of debates about AI governance, safety, and commercialization.
IPO Status
OpenAI is preparing for its highly anticipated IPO, with CEO Sam Altman reportedly stating the listing could happen 'within the next year' according to a June 14, 2026 Stocktwits report. The company has made significant progress toward its public debut, with Yahoo Finance reporting on June 14, 2026 that OpenAI has 'just took the first step toward its IPO.' Recent headlines throughout mid-June 2026 continue discussing the upcoming public offering alongside competitors Anthropic and the recently-completed SpaceX IPO. The Financial Times reported on June 7, 2026 that the company is planning a major ChatGPT overhaul into a 'superapp' ahead of the expected public offering. Fortune reported on June 10, 2026 that Goldman Sachs and Morgan Stanley are battling to lead the OpenAI IPO in what's being called a '$7 billion horse race.' Bloomberg previously reported on May 29, 2026 that the company has discussed adding Citigroup and JPMorgan to its underwriter lineup, signaling advanced preparation. Multiple sources reported that OpenAI could confidentially file its S-1 as soon as May 22, 2026, with the IPO potentially happening as early as September 2026. However, new regulatory and financial challenges have emerged. ABC News and Euronews reported in mid-June 2026 that OpenAI has been hit with a multistate probe and subpoenas into possible user harm as its IPO looms, adding regulatory scrutiny to the company's path to public markets. More significantly, qz.com reported on June 16, 2026 that leaked 2025 financials show OpenAI posted a $38.5 billion loss, while the Financial Times reported the company's spending hit $34 billion last year ahead of the planned IPO. Despite these challenges, the IPO preparation continues following earlier breakthrough developments including the May 18, 2026 courtroom victory over Elon Musk and the mid-May 2026 Microsoft revenue cap agreement ($38 billion). The June 11, 2026 SpaceX IPO has provided an additional playbook for OpenAI's public debut, with Dan Ives calling it a 'Goldilocks Outcome' that signals a green light for OpenAI and Anthropic debuts. The expansion of its banking syndicate to potentially include Citigroup and JPMorgan alongside existing advisors Goldman Sachs and Morgan Stanley indicates the company is assembling a premier Wall Street team for what industry observers predict will be one of the biggest IPOs of all time.
Competitors
Frequently Asked Questions
Does OpenAI have a stock?
As of early 2026, OpenAI has not officially filed for an IPO, but a public listing is widely expected. The company has been showing strong signals of IPO preparation.
When is the OpenAI IPO date?
No official OpenAI IPO date has been announced yet. The company is expected to go public, but the exact timing depends on market conditions and company readiness.
How can I buy OpenAI stock?
OpenAI is not yet publicly traded. Once the company completes its IPO, you'll be able to buy shares through any major brokerage.
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