OpenAI may postpone IPO to 2027 amid market pressures

OpenAI is reportedly considering pushing back its planned initial public offering, previously slated for 2026, to 2027. A New York Times report citing insiders says CEO Sam Altman was urged to find ways to support a $1 trillion valuation, but advisors concluded the market and SpaceX IPO fallout make that unrealistic.

The massive SpaceX IPO earlier in June raised about $75 billion, but its share price fell from $202 to $153, reflecting broader tech‑stock weakness that also dampens demand for high‑valuation listings. Investors view the combination of weak demand, a slowdown in token‑maxing, rising focus on efficiency, and upcoming U.S. regulatory steps for frontier AI models as reasons to delay.

The postponement signal reverberates through the generative‑AI sector, where companies such as Anthropic and other AI startups are seeing valuation pressures, and stock losses have been recorded for NVIDIA, Oracle, SoftBank and others. The shift underscores a move from hype‑driven capital‑market narratives to concerns about profitability and sustainable growth.