OpenAI barrels toward IPO that may happen in September
TechCrunch • • business
Key Points:
- Following Elon Musk's failed lawsuit against OpenAI, the company is reportedly preparing for its initial public offering (IPO), aiming for a September launch.
- OpenAI CEO Sam Altman is working with Goldman Sachs and Morgan Stanley, with plans to file IPO paperwork confidentially in the near future.
- The potential OpenAI IPO is anticipated to be significant and comes as SpaceX, now a competitor after acquiring Musk's xAI, is also expected to file for its IPO soon.
- This development sets the stage for a financial showdown between Elon Musk's SpaceX and Sam Altman's OpenAI, highlighting their rivalry beyond technology.
- OpenAI has not yet provided an official comment regarding the IPO plans.