Sam Altman reportedly does not want OpenAI to be valued at less than $1trn at IPO.
OpenAI is reportedly mulling over delaying its initial public offering (IPO) to 2027, after a strong SpaceX debut was followed by a drop in share value.
The ChatGPT-parent filed to go public earlier this month, but said that it could be a “while” before it ceases to be a private company. Sources told The New York Times (NYT) that the company was aiming for a debut in the third or the fourth quarter of this year.
SpaceX – which raised a record-breaking $75bn in its IPO listing this month – is considered to be a litmus test for the giant AI business, as both industry and individual consumers continue to drive up demand for its services.
AI search start-up Perplexity’s CEO warned of “ripple effects” if these blockbuster IPOs fail to meet expectations. The SpaceX IPO “will definitely be like a leading indicator to how Anthropic or OpenAI will go out,” he said.
