OpenAI has been weighing adjustments to its initial public offering timeline amid internal concerns over valuation expectations and broader volatility in technology-linked equities, according to a new report.
The company has been preparing for a potential public listing while continuing to operate under private ownership, with leadership balancing funding needs against market conditions affecting large-cap tech valuations.
Discussions inside the company have included the possibility of delaying an IPO beyond earlier expectations, with internal concerns linked to achieving a targeted valuation near the $1 trillion level, Yahoo News noted.
The report also ties the reassessment to recent fluctuations in SpaceX's stock, which has been closely watched by technology investors. The company soared on its first days of trading, but has since returned to a price similar to that of its listing, $150. It was trading at $156 on Friday afternoon.
OpenAI chief executive Sam Altman has previously described a public listing as a potential route for raising capital to support artificial intelligence development, though the company has also stated that it has not finalized timing for any listing process.
It did take steps by confidentially filing its registration statements with the Securities and Exchange Commission on June 8. The company has also included early-stage engagement with major Wall Street banks, including Goldman Sachs and Morgan Stanley.
Market attention has also extended to competitors in the artificial intelligence sector. Anthropic has filed preliminary steps toward a potential public offering while continuing to operate under private funding structures. The company recently raised significant private capital that placed its valuation near major industry peers, reflecting sustained investor demand for AI infrastructure and model development.
OpenAI's IPO deliberations come as technology listings face a more cautious investment environment. Persistent geopolitical tensions, including the wars in Ukraine and the Middle East, together with elevated interest rates, have contributed to uneven risk appetite across global markets.
Reuters has reported that macroeconomic uncertainty continues to influence IPO activity, while Bloomberg has noted that investors remain willing to back artificial intelligence companies, although valuation expectations have become more disciplined.
