Sam Altman: Even if the IPO documents are submitted quickly, OpenAI may not go public immediately

OpenAI CEO Sam Altman stated in a speech to employees that even if the IPO filing is submitted soon, the company may not go public immediately, and the actual listing time will depend on market conditions and other factors. The goal is to go public as early as September, but the timeline remains flexible.

Earlier reports indicated that OpenAI plans to submit a confidential IPO application to regulators soon, possibly as early as this Friday. Sources revealed that investment banks, including Goldman Sachs and Morgan Stanley, are assisting OpenAI in drafting the IPO prospectus.

Earlier this week, OpenAI cleared a significant hurdle on the road to the IPO—OpenAI CEO Sam Altman won a legal dispute against competitor Musk. OpenAI still needs to overcome a series of other challenges, the most significant of which is market concern over whether it can generate enough revenue to support its massive data center expenditure commitments.