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SpaceX stock price drop sounds alarm; OpenAI may wait until next year for IPO.

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Jinse Finance reports that on June 26, according to the New York Times citing three individuals involved in internal discussions at OpenAI, the company is leaning toward postponing its IPO to next year. According to sources 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. However, a series of recent developments have forced OpenAI's executives to abandon their initial aggressive plans. The most notable of these is the performance of SpaceX, owned by Elon Musk, following its IPO this month. SpaceX's stock has been sliding in recent days, closing at $153 on Thursday, down from a high of $202 last week. Global markets have also been volatile in recent weeks, with technology stocks dragging indices lower, as investors question whether AI companies can deliver on their lofty promises. According to two sources familiar with the matter, over the past week, OpenAI's advisors warned in communications with the company that retail investors may not show much enthusiasm for its stock.
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