SpaceX’s stock price falls, raising a warning signal; OpenAI may wait until next year to IPO

Golden Finance reported on June 26 that, according to the New York Times citing three people involved in internal discussions at OpenAI, the company is leaning toward delaying its IPO until next year. According to people familiar with the matter, OpenAI originally planned to go public as early as the third or fourth quarter of this year. The company's CEO, Sam Altman, urged financial advisors to find ways to boost the company's valuation to $1 trillion. But a series of recent developments have forced OpenAI's executives to abandon their initial aggressive plans. The most notable among them is the performance of Elon Musk's SpaceX following its IPO this month. SpaceX's stock price has been declining recently, closing at $153 on Thursday, after hitting a high of $202 last week. In recent weeks, global markets have also been volatile, with tech stocks dragging down indices and investors questioning whether AI companies can deliver on their lofty promises. According to two people familiar with the matter, over the past week, OpenAI's advisors warned in communications with the company that retail investors may not have much enthusiasm for its stock.
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