BusinessJun 9, 2026
OpenAI confidentially files for a U. S. IPO that could top $1 trillion
OpenAI has submitted a confidential S-1 to the SEC, confirming the move on June 8, with Goldman Sachs and Morgan Stanley leading and Citigroup and JPMorgan in talks to join. Valued above $850 billion and generating roughly $2 billion a month, the ChatGPT maker is eyeing a public debut as soon as September at a valuation of up to $1 trillion. The filing lands a week after Anthropic’s own confidential submission and days before SpaceX begins trading.
Why it matters: A near-trillion-dollar listing would be one of the largest IPOs ever — and the clearest sign yet that the AI build-out is graduating from private megarounds to the public markets.