OpenAI Eyes 2027 for IPO as $1T Valuation Looks Out of Reach

OpenAI is leaning toward delaying its IPO until 2027, according to sources familiar with the matter. The reason? Sam Altman's ambitious $1 trillion valuation target looks unrealistic in today's market conditions.

The AI giant's advisers are urging Altman to take a slower approach. SpaceX's volatile stock performance is reportedly serving as a cautionary tale, giving the company's inner circle pause about rushing to public markets.

A 2027 timeline would give OpenAI more runway to grow into a valuation that justifies Altman's sky-high expectations. The company has been on a fundraising tear in recent years, but public markets play by different rules than private rounds where friendly investors set the terms.

For now, the trillion-dollar IPO remains a goal — just not an imminent one.