OpenAI Pushes IPO to 2027 for $1T Valuation | Durham News

OpenAI is delaying its IPO until 2027 to chase a trillion-dollar valuation—refusing to settle for its last private valuation of $852 billion. CEO Sam Altman’s insistence comes amid caution from advisors, who cite SpaceX’s shaky IPO as a warning sign. Despite tripling revenue to $13 billion in 2025, OpenAI’s $34 billion in R&D expenses left it deeply in the red, raising concerns about meeting public company standards. Meanwhile, rival Anthropic, founded by former OpenAI researchers, just closed a $965 billion funding round and filed for its own IPO. Complicating matters further, OpenAI faces a subpoena from 42 state attorneys general demanding operational records. The delay also hit SoftBank, OpenAI’s second-largest shareholder, whose market cap plummeted—putting the company in a bind as it nears a March 2027 debt deadline that a public listing would have helped manage. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7efa56fe0c8a012e