OpenAI eyes 2026 IPO with potential $1 trillion valuation

OpenAI is preparing for an initial public offering as early as late 2026 that could value the company at about 1 trillion and seek roughly 60 billion in new capital, people familiar with the matter said, potentially setting up one of the largest stock market debuts in technology history. The filing could reach U.S. securities regulators in the second half of 2026, moving the timeline forward from a previously discussed 2027 target, the people said.

The discussions are preliminary and details remain fluid, the sources added. OpenAI released a statement saying it has not set a date for an IPO and that its primary focus remains the development of artificial general intelligence. "We are building a durable business and advancing our mission so everyone benefits from AGI," an OpenAI spokesperson said. Company leaders have explored the timing and scale of a public offering with advisers, and chief financial officer Sarah Friar has discussed a 2027 timetable with associates, according to people involved in the talks.

An offering of this size would provide a substantial new pool of capital to fund the compute infrastructure, research and acquisitions OpenAI’s executives have said they...