On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.
Anyone remember when WeWork filed their S-1 and interest in their IPO crashed in the ensuing reality check? This seems like it will be so much worse, at least in terms of numbers. I just hope we don’t have to wait that long to pop this bubble.