OpenAI has quietly launched an IPO but didn’t announce the date. The company will go public in September or November 2026. Although the company didn’t say when it was going to go public, it is likely to go for an IPO with investment banks Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Citigroup among the players involved. OpenAI has shown promise and challenges.
ChatGPT has posted monthly revenues of $2 billion in recent months, driven by ChatGPT subscriptions and enterprise alliances, but is spending $30 billion a year on AI infrastructure and analysts believe it may not achieve profitability until 2030.
That it is now worth $852 billion (thanks to a $122 billion funding round in March 2026 from Amazon, Nvidia, and SoftBank) highlights investor confidence in the company. The IPO comes amid a larger wave of AI-driven listings. Anthropic filed for its own IPO earlier this month at a price of nearly $965 billion, and SpaceX is preparing for a record-breaking IPO for a $75 billion price tag (with a valuation of up to $2 trillion).
As a whole, these moves are one of the biggest tests of investor appetite for high-growth technology stocks since the dot-com era. OpenAI has viewed the IPO as a natural step in its development path (CEO Sam Altman said it would be the “most likely path” given the scale and capital investment required).
OpenAI also became a public benefit corporation last year and it was able to overcome legal hurdles and create a balance between profit and society.
OpenAI has both opportunities and risks in the future. But competition from Anthropic’s Claude and Google’s Gemini is still fierce, and investors’ fears of high cash burn could weigh on market sentiment. If so, the IPO would cement OpenAI’s place at the forefront of the AI revolution and establish artificial intelligence as the most important investment theme of the decade.
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