OpenAI Delays IPO to 2027 Targeting $1 Trillion Valuation

OpenAI is weighing a postponement of its initial public offering until 2027. The company cites the recent SpaceX IPO and broader market turbulence as reasons to wait for a more favorable environment. Executives aim for a valuation of around $1 trillion, a level Sam Altman has described as non‑negotiable.

The delay also reflects the massive capital needed for next‑generation AI models, including billions of dollars for compute infrastructure and energy costs. Remaining private allows OpenAI to continue raising funds from strategic investors, notably Microsoft, without the quarterly profit pressures of public markets. Regulatory uncertainty in Europe and ongoing legal battles over training data add further complexity to the company’s financial outlook.