SpaceX's stock price decline sounds an alarm, and OpenAI may wait until next year for its IPO.

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BlockBeats News, June 26 — According to The New York Times, citing three people involved in internal discussions at OpenAI, OpenAI is leaning toward postponing its IPO until next year.

According to insiders, OpenAI originally planned to hold its IPO as early as the third or fourth quarter of this year. The company’s CEO, Altman, urged financial advisers to do whatever it takes to raise the company’s valuation to $1 trillion. But a series of recent developments has forced OpenAI executives to abandon their initial aggressive plan.

The most notable of these is the trend following the IPO of SpaceX, the company led by Elon Musk, this month. SpaceX’s share price has been falling steadily in recent days, dropping to $153 at Thursday’s close, after having hit a high of $202 last week.

In recent weeks, global markets have also been volatile. Technology stocks have dragged down indices, and investors have questioned whether artificial intelligence companies can deliver on their overblown promises. According to two people familiar with the matter, over the past week, OpenAI’s advisers warned the company in communications that retail investors may not show much enthusiasm for the company’s stock.

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