OpenAI is pushing to go public by September, a timeline that would make it one of the fastest paths from AI darling to publicly traded company in recent memory.
The company expects to file confidentially with the SEC over the summer, setting the stage for what could be the most consequential tech IPO since Arm Holdings listed in 2023.
From nonprofit origins to $80B+ valuation
The company’s valuation roughly tripled in under a year, jumping from approximately $29 billion in 2023 to somewhere between $80 billion and $90 billion by February 2024 following a secondary share sale.
Microsoft has poured over $10 billion into OpenAI since 2019, a bet that has reshaped both companies. For Microsoft, it meant Copilot integrations across its product suite. For OpenAI, it meant the compute power and financial runway to stay ahead of Google, Anthropic, and a growing list of well-funded competitors.
