ChatGPT’s parent is heading to market carrying enormous expectations – and some serious financial baggage.

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.

The ChatGPT creator has privately submitted a draft prospectus for an IPO expected to value the company at more than $US1 trillion ($1.4 trillion).

OpenAI's ChatGPT achieved a record 1 billion users in just three years, outpacing major tech applications. However, the AI giant faces mounting competition, with Anthropic…

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…