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OpenAI IPO Delayed: $1 Trillion Target at Risk
28 Jun
Summary
- OpenAI has reportedly delayed its IPO until 2027 to secure a $1 trillion valuation.
- The company reported a $38.5 billion net loss in 2025 on $13.07 billion revenue.
- Advisors are concerned about public market demand after SpaceX's volatile debut.
OpenAI has reportedly pushed back its initial public offering (IPO) to 2027. This decision stems from a conflict over valuation, with the company seeking to maintain a target of up to $1 trillion. Financial advisors are urging OpenAI to delay the listing to protect this ambitious valuation.
This move follows concerns about public market reception, exemplified by the volatile performance of SpaceX's recent debut. OpenAI's financial disclosures reveal substantial operational challenges. The company posted a net loss of $38.5 billion for 2025, against revenues of $13.07 billion.
Even with a strong monthly revenue pace earlier this year, OpenAI is projected to continue facing significant losses. Advisors appear concerned that retail demand in the public market may be exhausted by overextended narratives, making a successful IPO more difficult in the near term.
