Voices
Altman drops the 2026 IPO and raises privately at $1.2 trillion instead: 'right now would be an ill-advised moment to go public'
Altman told Fortune on September 16 that OpenAI will not list this year, saying 'given everything happening with safety, right now would be an ill-advised moment to go public,' and is instead discussing a venture round at a $1.2 trillion valuation. That follows the $122 billion raised in March at an $852 billion valuation, a roughly 41% markup in six months without touching public markets. The timing is the story: the IPO was reported as possible for September as recently as May, and it was pulled within days of Amodei's pacing essay, which makes the safety debate a direct input to OpenAI's capital structure rather than a side conversation.
Source
↳ Follow the thread