OpenAI Discloses Expected Multi-Billion Dollar Losses in 2026 in Confidential IPO Filing
OpenAI submitted confidential paperwork for a U.S. initial public offering and disclosed the filing in a Monday blog post. The company has not set a timeline for listing.
upi.comU.S. stock market. The company disclosed the submission in a blog post published Monday. The post stated that OpenAI submitted a confidential S-1 and expects the document to become public.
OpenAI posted on X that it had not determined when the company would begin listing on public markets. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best," the company said.
OpenAI valued itself at $852 billion after a round of funding in March. Multiple reports covering the filing placed the expected valuation above $850 billion. The announcement comes weeks after a federal court dismissed a lawsuit against OpenAI brought by co-founder Elon Musk.
Musk accused the company of abandoning its public-benefit mission as it moved toward a for-profit structure. A jury found that Musk waited too long to bring the claims, barring the lawsuit due to the statute of limitations. " Last month, SpaceX, which merged with xAI earlier this year, filed publicly for its IPO.
Anthropic announced it had filed for an IPO on June 1. ChatGPT reached 100 million users within two months of its release in 2022. As of February, the app’s user base had reached 900 million weekly active users, OpenAI said.
The company expects to lose $14 billion in 2026. In 2023, OpenAI fired Sam Altman as CEO, then rehired him four days later after an employee revolt and a public apology from a board member.
