Anthropic · OpenAI · Sam Altman · AGI · SEC · TechCrunch AI
OpenAI files confidentially for IPO, following Anthropic
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ChatGPT-maker OpenAI has filed confidentially for an initial public offering, the company announced Monday in a blog post.
Key facts
- David Shapiro is founder and CEO of OpenVC and overseer of the NYSE OpenVC 500 Index, which tracks the largest public and private companies in the U.S. He said Anthropic’s rate of appreciation far
- In late March, OpenAI secured $122 billion in the largest funding round in Silicon Valley history, $3 billion of which came directly from retail investors via bank channels
- Anthropic recently surged to a $1 trillion valuation on Forge Global, a retail secondary market platform, surpassing OpenAI, which was recorded at around $880 billion in April
- But the firm expects to spend roughly that same amount on computing power for AI research alone in 2028, and projects burning $85 billion that year even after doubling sales from the year prior, per
Summary
OpenAI, which was last valued at $852 billion post-money, submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed IPO. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” the company wrote. Around the same time, and in a separate blog post, OpenAI published a sweeping philosophical statement about its mission, its vision for AGI, and its belief that AI should benefit all of humanity, the kind of forward-looking communication that companies entering a quiet period have historically been careful to avoid. Whatever the regulatory questions, the filing is the latest signal that 2026 will be a blockbuster year for the public markets.