OpenAI's second-largest IPO in history, with a valuation of $1 trillion, plans to go public in the fourth quarter of next year

AIMPACT news. On May 27 (UTC+8), it was reported that OpenAI plans to IPO in Q4 2026, with an estimated valuation of as much as $1 trillion and a potential fundraising size of up to $60 billion, which would make it the second-largest IPO in history. The ChatGPT maker is working with Goldman Sachs and Morgan Stanley to draft the prospectus. As of March 2026, OpenAI’s valuation is $852 billion. In 2025, revenue grew 233% to $20 billion, but due to high AI compute costs, it loses about $1.22 for every $1 of revenue generated. The company is expected to lose $14 billion in 2026, and cumulative losses may reach $115 billion by 2029, with profit targets set for the 2030s. In 2019, OpenAI transitioned from a nonprofit to a partially for-profit entity, and this shift triggered a legal lawsuit between co-founder Elon Musk and CEO Sam Altman. After Musk lost the case, he said he would appeal. Investment risks include: an unstable governance structure (Altman was briefly removed in 2023), over-reliance on Microsoft (initial investment of $13 billion), and the loss of key talent (in 2024, about half of the AI safety researchers left).
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GateUser-6da8ed4c
· 26m ago
60B in funding, the second-largest IPO in history, will Brother Sun come to endorse it?
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AirdropJanitor
· 6h ago
For every dollar earned, I lose $1.22; this ROI is more exciting than gambling on a dog coin.
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Don’tRushToDoubleItYet.
· 8h ago
Ultraman: Losses first out of respect, discuss again in 2030, Wall Street: I know this well, Uber 2.0
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MarginMoth
· 8h ago
If OpenAI's financial report were verifiable on the blockchain, it would probably have been shorted long ago.
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NightFlightPaperCrane
· 8h ago
Goldman Sachs and Morgan Stanley both sponsoring, fully showcasing their presence, but only turning a profit by 2030? I've already upgraded my graphics card three generations.
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Don'tMessWithSlippage.
· 8h ago
With a cumulative loss of 115 billion, this number would have already been FUD’d to zero long ago in DeFi.
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ShortPositionsAtTheElevator
· 9h ago
The ChatGPT maker is going public, does my GPT-4 subscription count as an original share?
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