OpenAI files for initial public offering
OpenAI files for initial public offering
Updated at: June 9, 2026 at 02:15 AM
In a major move for the tech industry, OpenAI officially began the process of going public in June 2026.
The company submitted a confidential S-1 registration statement to the U.S.
While the filing marks a significant step, OpenAI has not yet set a specific date for an initial public offering (IPO), noting that they may choose to remain private longer to focus on long-term operational goals.
This transition follows a massive corporate restructuring in 2025, during which the organization shifted from a nonprofit-controlled entity into a Public Benefit Corporation (PBC).
Currently, the company’s ownership is split among the OpenAI Foundation, Microsoft, and private investors.
Despite generating over $20 billion in revenue by late 2025, OpenAI remains loss-making due to the immense costs of building sophisticated AI models.
With a valuation reaching $852 billion as of March 2026, many experts believe the company could target a $1 trillion valuation once it hits the market.
This IPO represents a pivotal moment in the 'AI arms race,' as OpenAI joins other major firms in seeking public capital to fund its ambitious goal of developing Artificial General Intelligence.
