Anthropic · OpenAI · SpaceX · Elon Musk · Wall Street · Goldman Sachs · CNBC Technology
OpenAI confidentially files for IPO, prepping Wall Street for mega AI debut
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, joining the party a week after Anthropic did the same and days before Elon Musk's SpaceX is set to hit the public market.
Key facts
- The company has been working with banks including Goldman Sachs and Morgan Stanley on the filing, as CNBC previously reported
- The artificial intelligence company, which is valued at more than $850 billion, has been gearing up to go public as soon as the fourth quarter of this year
- OpenAI CFO Sarah Friar told CNBC in April that it's "good hygiene" for a business of OpenAI's size to "look and feel and act" like a public company, but she wouldn't comment on a specific IPO timeline
- OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, joining the party a week after Anthropic did the same and days before Elon Musk's SpaceX is set to hit
Summary
The artificial intelligence company, which is valued at more than $850 billion, has been gearing up to go public as soon as the fourth quarter of this year. OpenAI CFO Sarah Friar told CNBC in April that it's "good hygiene" for a business of OpenAI's size to "look and feel and act" like a public company, but she wouldn't comment on a specific IPO timeline. The team recently submitted a confidential S-1. OpenAI also plans to facilitate a tender offer that will allow employees to sell shares at the latest valuation, which was $852 billion post-money, and alleviate some near-term pressure for liquidity, according to a person familiar with the plans who asked not to be named because the details are private.