Anthropic · OpenAI · SpaceX · Amazon · Meta · Wired
OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
OpenAI has filed confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange.
Key facts
- OpenAI’s revenue from subscriptions, ads, and service fees grew to somewhere between $10 billion and $20 billion last year, according to previous company disclosures
- The IPOs could value each of these companies at over $1 trillion despite all of them being unprofitable and having roughly 80 percent to 90 percent lower sales than nearly every existing
- Days before the filing, Anthropic’s latest fundraising brought its valuation to $965 billion, topping OpenAI’s $852 billion mark—both record-breaking figures in the world of tech venture capital
- Today, the nonprofit owns roughly 25 percent, or more than $200 billion, of the company
Summary
Tech companies pursuing the most powerful AI models, including publicly traded giants Alphabet, Amazon, Meta, and Microsoft, are hungry for tens of billions dollars each to build out more data centers and recruit scientists to grow their services. An IPO would be yet another fundraising opportunity for OpenAI after the company privately raised $122 billion in March. OpenAI did not specify timing for the IPO nor how much it plans to raise. “We recently submitted a confidential S-1,” the company said in an unsigned, one-paragraph blog post. OpenAI declined to comment further.