OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing - BNN Bloomberg
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0.289 · RIGHT
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0.144 · CENTER
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Article Excerpt
OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks, a source familiar with the matter told Reuters on Wednesday.
The plan by the ChatGPT maker, which was last valued at $852 billion, comes two days after it fended off an existential court challenge from Elon Musk and threatens to upstage an IPO filing by Musk’s SpaceX, expected later in the day.
OpenAI is aiming to go public as early as September and is working with Goldman Sachs and Morgan Stanley on a draft IPO prospectus that it plans to file with the regulators soon, the source said.
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