Due to fluctuations in SpaceX's stock price, OpenAI may postpone its IPO until 2027
According to The New York Times, informed sources revealed that due to the recent significant drop in stock prices following the SpaceX IPO and the overall sluggishness of the tech stock market, OpenAI is inclined to postpone its public listing plan from later this year to 2027.
It is reported that OpenAI CEO Sam Altman insists on seeking a listing valuation of up to $1 trillion and has rejected advisors' suggestions to "accept a lower valuation to expedite the listing process." Earlier, OpenAI had secretly submitted IPO application documents to the U.S. Securities and Exchange Commission (SEC) earlier this month, but did not specify a concrete timeline. Currently, OpenAI's latest valuation is $852 billion, with revenue of approximately $13 billion last year and a net loss of $21 billion.
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