After SpaceX IPO: Why OpenAI Might Delay Its IPO to 2027
OpenAI is reportedly considering postponing its IPO to 2027 due to SpaceX's IPO and recent market turbulence. Observers view OpenAI's goals as overly ambitious.
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According to a report, OpenAI is considering postponing its IPO to 2027. The reasons for this include the IPO of SpaceX and recent turbulence in the stock market. Observers see OpenAI's goals as overly ambitious.
A total of three mega-IPOs were set to take place in 2026: SpaceX kicked off the series on June 12, launching the largest IPO in stock market history. Additionally, both Anthropic and OpenAI had officially submitted their applications for their market debut to the relevant authority, the SEC.
OpenAI Insiders: IPO Plans Delayed
The AI rivals have not yet published specific dates. However, observers had previously assumed that OpenAI would take the step to go public in the third or fourth quarter of 2026. According to a report by the New York Times (NYT), these plans are now considered outdated. The newspaper cites three individuals familiar with the relevant considerations.
According to reports, OpenAI CEO Sam Altman urged his advisors to find a way to increase the startup's valuation to one trillion US dollars during the IPO. In the last funding round in March 2026, OpenAI was valued at 865 billion dollars. Recently, however, Anthropic surpassed this with a valuation of 965 billion dollars.
SpaceX Stock Stumbles After Dream Start
SpaceX, on the other hand, raised around 75 billion dollars at its IPO, more than any company previously at its market debut. The stock price climbed from the issue price of 135 dollars to around 202 dollars (June 16). However, it has since declined. Currently, SpaceX stock stands at 153 dollars (June 25), with a valuation of about two trillion dollars.
Such valuations are considered excessively high by some experts. Star investor Michael Burry (The Big Short) believes both SpaceX and AI companies are overvalued. For Burry, the development of new AI models is too costly, and demand has been artificially inflated by trends like tokenmaxxing.
Altman Seeks Trillion Valuation for OpenAI
The decline in SpaceX stock and a general drop in demand for tech stocks have led SpaceX advisors to suggest that a trillion-dollar valuation for OpenAI is currently unrealistic. Therefore, they reportedly proposed to Altman to either delay the IPO or go public with a lower valuation. However, the OpenAI CEO rejected the latter option.
