The company is preparing for a public offering at a $1 trillion valuation. It could become one of the largest IPOs in history. Here is what is known as of June 9.
OpenAI, the creator of ChatGPT, has officially begun the process of going public. The company has filed a confidential registration Form S-1 with the US Securities and Exchange Commission (SEC).
Hot topic: Humanity Protocol Token H Crashes 82% After $32M Hack
Contents
OpenAI’s IPO Plans: What Is Known So Far
OpenAI emphasized that it has not yet determined the timing of its IPO. The company may remain private for some time, as certain strategic goals are easier to achieve outside the public market. However, filing the paperwork gives it the option to accelerate the listing if management deems it the best course.
“We haven’t decided on timing yet; it could take a while because there are things that are likely easier to do as a private company. But it’s a complex set of trade-offs, and now we have the option to go public sooner if that turns out to be the best decision,” OpenAI stated.
The company’s latest public valuation is $852B. In March 2026, OpenAI closed a $122B funding round.
Read more: BitMEX Co-Founder Says AI Bubble Could Drag Bitcoin Price Lower
Context and OpenAI’s Competitors
OpenAI’s filing comes as other major AI players are also preparing for IPOs:
- Anthropic previously filed a confidential S-1 as well.
- SpaceX, which owns xAI, plans to list on Nasdaq as early as June 12.
Analysts note that successful offerings from OpenAI and Anthropic could set the direction for the entire AI industry for years to come.
Perplexity CEO Aravind Srinivas commented:
“I think it’s important for the AI industry that these IPOs go well. They will go well because the companies are doing well.”
OpenAI’s Strategic Plans
OpenAI plans to significantly transform ChatGPT, evolving it from a simple chatbot into a powerful personal assistant and a platform for building other applications. This could accelerate revenue growth ahead of a potential public market debut.
For now, OpenAI remains one of the world’s most valuable private companies. The timing of its IPO will depend on further business development, overall market conditions, and the regulatory environment.
Learn more: AI vs Crypto Smart Contracts — Can AI Replace Code Auditors?
