OpenAI Preparing Confidential IPO Filing as Soon as This Week — Targeting $1T+ Valuation and September Debut

Wall Street Journal·high signal

The Wall Street Journal reports OpenAI is working with Goldman Sachs and Morgan Stanley to file a confidential IPO as soon as this week, targeting a public debut in September 2026 at a valuation that could exceed $1 trillion. The move follows last week's jury victory against Elon Musk, which removed a major legal obstacle to the company's restructuring from nonprofit to for-profit. OpenAI would compete with both SpaceX and Anthropic in the race to public markets.