A day after Elon Musk lost a lawsuit that threatened OpenAI’s organization, leadership and finances, the AI giant is ready to move forward with an initial public offering, people told The Wall Street Journal.
OpenAI CEO Sam Altman reportedly hopes his company will be ready for an initial public offering by September. ChatGPT makers are working with big tech IPO banks Goldman Sachs and Morgan Stanley, and could secretly file IPO documents with regulators in the coming days or weeks, according to the Journal.
News of OpenAI’s potential IPO, which is sure to be a blockbuster by any measure, comes as the world awaits the public release of SpaceX’s IPO filing, which is expected to be made public as early as Wednesday, according to reports. Rocket maker SpaceX is now, of course, one of OpenAI’s main competitors after consuming Elon Musk’s model maker xAI.
Now that Musk has failed to thoroughly pursue OpenAI, a competitor he co-founded, with lawsuits, the next Musk vs. Altman battle is likely to take place in the world of finance. Which will be the bigger IPO?
OpenAI did not immediately respond to a request for comment.
