OpenAI has started work on an IPO that could value the company at $1 trillion
OpenAI is preparing for an initial public offering that could value the company as high as $1 trillion.
Citing three people familiar with the matter, Reuters reports that the ChatGPT maker is considering filing with regulators as soon as the second half of 2026, despite CFO Sarah Friar reportedly having previously told associates that the company was aiming for the year after.
The news comes just two days after the company completed its restructuring into a nonprofit that has a controlling equity stake in its for-profit business.
While the talks are obviously still in very preliminary stages, OpenAI is currently considering raising $60 billion, or likely more through the process, per Reuters’ sources — much-needed capital to satisfy the flurry of deals the company has signed with chipmakers and data center providers.
Having pledged to spend an eye-watering $1 trillion on advancing its AI models and products, but with a revenue run rate that’s currently closer to $12 billion, maybe OpenAI really is finding that there is a limit to what it can raise in the private markets.
OpenAI’s annual revenue run rate is reportedly expected to reach ~$20 billion by the end of the year.
The news comes just two days after the company completed its restructuring into a nonprofit that has a controlling equity stake in its for-profit business.
While the talks are obviously still in very preliminary stages, OpenAI is currently considering raising $60 billion, or likely more through the process, per Reuters’ sources — much-needed capital to satisfy the flurry of deals the company has signed with chipmakers and data center providers.
Having pledged to spend an eye-watering $1 trillion on advancing its AI models and products, but with a revenue run rate that’s currently closer to $12 billion, maybe OpenAI really is finding that there is a limit to what it can raise in the private markets.
OpenAI’s annual revenue run rate is reportedly expected to reach ~$20 billion by the end of the year.
