OpenAI May Delay IPO to 2027 in Bid for $1 Trillion Valuation, Report Says; AI Stocks Slump
OpenAI is reportedly weighing a 2027 IPO to chase a ~$1 trillion valuation, having quietly filed its S-1 on June 8. The news hammered SoftBank shares in Tokyo by nearly 13% and dragged AI stocks broadly lower.
According to the New York Times, OpenAI is weighing whether to go public this year at a sub-$1 trillion valuation or hold off until 2027 in pursuit of a roughly $1 trillion price tag. The report sent AI-related stocks broadly lower.
- Advisors reportedly laid out two paths: wait until 2027 for a ~$1 trillion valuation, or list this year at a lower price.
- CEO Sam Altman reportedly refused to lower the $1 trillion valuation target.
- OpenAI confidentially filed its S-1 on June 8, 2026, but has not confirmed an IPO date.
- OpenAI's post-money valuation stood at $852 billion as of March.
- SpaceX's (SPCX) rocky debut was reportedly a factor in the deliberations.
- SoftBank shares in Tokyo fell nearly 13% at one point.
According to a New York Times report, OpenAI is weighing its IPO timing: go public this year at a sub-$1 trillion valuation, or delay until 2027 in pursuit of a roughly $1 trillion price tag.[Yahoo Finance] The news sent AI-related stocks broadly lower, with SoftBank shares in Tokyo tumbling nearly 13% at one point. The report is based on media coverage and people familiar with the matter; OpenAI has not officially confirmed an IPO timeline.
Two Paths to a Listing
According to reports, OpenAI's advisors have laid out two options.
- Wait until 2027 to target a valuation of roughly $1 trillion.[Yahoo Finance]
- Go public this year at a lower price.
CEO Sam Altman reportedly pushed back against lowering the $1 trillion valuation target. The gap between the two paths reflects a classic timing-vs.-valuation trade-off. These details come from reports and people familiar with the matter, not from OpenAI directly.
S-1 Filed Confidentially, Date Still Open
According to reports, OpenAI confidentially filed its S-1 registration statement on June 8, 2026. No official IPO date has been confirmed.[EBC]
As of March, OpenAI's post-money valuation stood at $852 billion — a meaningful gap from the ~$1 trillion target cited in the reports. No official public timeline has been released.
SpaceX's Debut as a Reference Point
Reports suggest the market's reception of SpaceX (SPCX) is partly behind OpenAI's deliberations.
- SpaceX opened at $150 on its first trading day.
- Shares surged above $225.
- The stock then retreated to around $151 (as of last Friday morning).[Yahoo Finance]
SpaceX's sharp intraday spike followed by a near-full give-back was reportedly on Altman's radar. A marquee IPO's first-day performance often influences the timing of comparable listings, though the ultimate effect depends on many factors.
AI Stocks Broadly Under Pressure
The report dealt a broad blow to the AI trade, pushing AI-related stocks lower across the board.[Yahoo Finance]
SoftBank, one of OpenAI's major backers, drew particular attention — its Tokyo-listed shares fell nearly 13% at one point.[TradingKey] The stock tends to move in tandem with news about OpenAI.
It bears repeating: the reported IPO delay has not been officially confirmed by OpenAI. Timing, valuation target, and final path all await formal disclosure. Investors should watch for any official statement from OpenAI on its IPO plans and further updates to its regulatory filings.
Sources
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