Numerous reports show that OpenAIcreator Chat with GPTIt may delay its expected initial public offering until 2027. The artificial intelligence firm has emerged as one of the most anticipated IPOs of the year. OpenAI filed a confidential filing with the SEC earlier this month.
The company is apparently seeking a $1 trillion valuation and is concerned it may need more time to maintain that level. The company is also monitoring the situation. SpaceX’s public offering Shares rose significantly in the following weeks before losing momentum. SpaceX is currently trading around $151 per share after surging past $225 following its IPO priced at $135 per share. Part of SpaceX’s pitch and selling was its involvement in the emerging artificial intelligence industry.
SuRo Capital (NASDAQ:SSSSHe says OpenAI, a publicly traded venture capital fund, and other AI firms are different from SpaceX, which benefits from its connection to the industry. Willy LeeSuRo Capital principal says AI and big language models aren’t SpaceX’s core business, but they could be part of the future; They are not there right now. Still, what SpaceX is doing is very smart because it wants to join the AI race.
“I think what people confuse these with is everyone is asking where the ROI from AI-LLM is being spent, so people look at SpaceX and say it’s not there, but if we’re in private markets, we see Open AI, Anthropic, and all the other private companies that are showing huge revenue growth year over year, and I think that’s where the real story is.”
He believes OpenAI is waiting for SpaceX news and thoughts to be digested before moving forward.
“OpenAI is actually testing this right now with employee tenders (its valuation), and I’m not sure if all employees at OpenAI want to sell shares at the last round of valuation. I think the valuation is much higher than that. There are tests of that right now, and I think people will be surprised if the valuations are much higher than that.”
OpenAI explains the possibility of pausing:
“This may take some time as there are easier things we want to do as a private company. But it’s a complex set of compromises, which gives us the option of going public sooner if that’s for the best.”
Meanwhile, Claude creator Anthropic remains on an IPO schedule for 2026. OpenAI’s market entry is unknown.
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