On June 9, 2026, OpenAI confidentially filed its S-1 with the SEC, targeting a Q4 listing at up to a $1 trillion valuation. Inside the filing: $1.22 lost for every $1 of revenue, $14B projected losses for 2026, profitability not expected until 2030.
If you ship code that runs on top of LLM APIs, this is your problem now. Here's the math, the architecture, and the code to deal with it.
The Pricing Reset Already Happened
March 2026: 114 of 483 tracked AI models changed prices
April 2026: Anthropic began charging Claude Enterprise for full compute cost
