OpenAI is reportedly considering postponing its initial public offering (IPO) to next year, despite earlier preparations for a potential listing in the third or fourth quarter of this year. According to sources familiar with the discussions, CEO Sam Altman has been urging advisors to explore ways to achieve a $1 trillion valuation, surpassing the company's previous private valuation of $730 billion.
The shift in OpenAI's stance comes amid several market challenges, including the recent decline in SpaceX's stock price following its IPO, which fell from a high of $202 to $153. Additionally, increased volatility in global tech stocks and investor skepticism about AI companies meeting high expectations have contributed to the reconsideration. Advisors have also cautioned that retail investors may not show sufficient enthusiasm for OpenAI's stock.
OpenAI Considers Delaying IPO to Next Year Amid Market Volatility
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