OpenAI prepares for IPO at up to $1 trillion valuation
OpenAI, the creator of ChatGPT, is preparing for an initial public offering (IPO) that could value the company at up to $1 trillion — potentially one of the largest in tech history.
OpenAI is expected to file with the U.S. Securities and Exchange Commission (SEC) as early as the second half of 2026. The company is in preliminary talks to raise at least $60 billion, though final figures will depend on market conditions and business performance.
The company said it is building a sustainable business focused on developing artificial intelligence for the public good. The IPO plans follow a corporate restructuring completed this week: the OpenAI Foundation now holds 26% of OpenAI Group and could acquire more shares if it meets certain performance targets. The restructuring also reduced Microsoft’s influence, lowering its stake to about 27%.
Going public would give OpenAI greater access to capital and the ability to fund major acquisitions using its stock. The proceeds would support CEO Sam Altman’s vision of building large-scale AI infrastructure - projects expected to require investments in the trillions.
Analysts forecast OpenAI’s annual revenue could reach $20 billion by year-end, though the company remains unprofitable. Company’s major investors include SoftBank, Thrive Capital, and Abu Dhabi’s MGX.
With global demand for AI surging, OpenAI could follow the trajectory of CoreWeave, whose shares tripled after its IPO, while Nvidia recently became the first company to reach a $5 trillion market cap.
If completed, the listing would mark a historic moment for the market and solidify OpenAI’s position as the leading beneficiary of the worldwide AI boom.
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