OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement. Reuters had reported that the AI giant is targeting a valuation of up to $1 trillion in a stock market debut that could come as early as September.

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for…

The ChatGPT maker’s move follows rival Anthropic’s filing and comes days before SpaceX’s expected $1 trillion-plus debut on the stock market.

OpenAI files confidential IPO paperwork with SEC, opening door to potential listing as AI race heats up with rivals like Anthropic and SpaceX.

OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are…