ChatGPT OpenAI IPO: OpenAI IPO: ChatGPT maker files for US Stock Market initial public offering after Anthropic, SpaceX

ChatGPT maker OpenAI recently secretly filed for an initial public offering in the United States, the company said on Monday, joining rival Anthropic in pushing toward the stock market as investors seek exposure to the AI ​​boom. OpenAI did not disclose the size or terms of the offering and said a timeline has not yet been determined. “It may take a while because as a private company there are easier things we want to do,” he said in a statement.

Reuters had reported that the artificial intelligence giant was targeting a valuation of up to $1 trillion when it debuted on the stock market as early as September.

At this valuation, OpenAI will set the stage for the rapid launch of a trio of trillion-dollar valuation companies that are seen as the most important test of investor appetite for high-growth tech stocks in the past 10 years.

Elon Musk’s SpaceX became the first company to file for an IPO that would be the largest IPO in history if completed, and the company was seeking a $75 billion offering at a $1.75 trillion valuation.

Anthropic, the company behind viral coding assistant Claude Code, said it had confidentially filed for a US initial public offering on June 1, weeks after raising $65 billion in a funding round that valued it at $965 billion.

“OpenAI is keeping its options open as Anthropic is ahead in filing after a massive funding round,” said Michael Ashley Schulman, partner at Cerity Partners.
In prediction markets, where investors bet on the outcomes of future events, most participants expected OpenAI to file for an IPO before Anthropic.
Age of Artificial Intelligence

The IPOs of Anthropic and OpenAI will crystallize a transformative period for the tech industry and global markets, with artificial intelligence rapidly emerging as the defining investment theme of the decade.

OpenAI said earlier this year it had raised $110 billion at an $840 billion valuation from a roster of heavyweight backers including SoftBank, Amazon and Nvidia.

At the time, it was also announced that ChatGPT had more than 900 million weekly active users and more than 50 million consumer subscribers.

The IPO filing comes after OpenAI renegotiated its partnership with Microsoft, one of its early investors; This has allowed the AI ​​pioneer to form new partnerships with companies like Amazon. com and Alphabet’s Google.

The Windows maker’s initial investment totaling $13 billion since 2019 helped pave the way for OpenAI’s meteoric rise and powered growth in Microsoft’s Azure cloud computing business.

In March, OpenAI said it was generating $2 billion in monthly revenue and growing nearly four times faster than companies that defined the internet and mobile eras, including Alphabet and Meta.

This means quarterly revenue at the end of 2024 is approximately $1 billion.

OpenAI told investors in its latest fundraising round that it doesn’t expect to be profitable until 2030, according to a source familiar with the matter.