{"slug": "openai-barrels-towards-ipo-that-may-happen-in-september", "title": "OpenAI barrels towards IPO that may happen in September", "summary": "According to a Wall Street Journal report, OpenAI is moving forward with an initial public offering (IPO) following Elon Musk's failed lawsuit, with CEO Sam Altman aiming for a September launch. The company is working with investment banks Goldman Sachs and Morgan Stanley and may confidentially file IPO paperwork within weeks. This development positions OpenAI for a potential financial showdown with SpaceX, which is also expected to file for its own IPO soon.", "body_md": "A day after Elon Musk lost his lawsuit that threatened OpenAI’s structure, leadership, and finances, the AI giant is ready to move forward with its initial public offering, sources told the Wall Street Journal.\nOpenAI chief executive Sam Altman reportedly hopes that his company will be ready to go public by September. The ChatGPT maker has been working with tech IPO powerhouse bankers Goldman Sachs and Morgan Stanley, and may file IPO paperwork confidentially with regulators within days or weeks, per the WSJ.\nThe news of OpenAI’s potential IPO, which by all accounts should be a blockbuster, comes as the world awaits the public disclosure of SpaceX’s IPO filings, which are expected to appear as soon as Wednesday, according to reports. Rocket-maker SpaceX is, of course, now one of OpenAI’s major competitors, after it consumed Elon Musk’s model maker, xAI.\nNow that Musk failed to skewer OpenAI, the competitor he co-founded, through the heart with a lawsuit, it looks like the next Musk vs. Altman battle will take place in the world of finance. Which one will be the bigger IPO?\nOpenAI did not immediately respond to a request for comment.", "url": "https://wpnews.pro/news/openai-barrels-towards-ipo-that-may-happen-in-september", "canonical_source": "https://techcrunch.com/2026/05/20/openai-barrels-towards-ipo-that-may-happen-in-september/", "published_at": "2026-05-20 17:24:24+00:00", "updated_at": "2026-05-20 17:31:00.135879+00:00", "lang": "en", "topics": ["artificial-intelligence", "startups", "venture-capital"], "entities": ["OpenAI", "Elon Musk", "Sam Altman", "Goldman Sachs", "Morgan Stanley", "SpaceX", "xAI", "Wall Street Journal"], "alternates": {"html": "https://wpnews.pro/news/openai-barrels-towards-ipo-that-may-happen-in-september", "markdown": "https://wpnews.pro/news/openai-barrels-towards-ipo-that-may-happen-in-september.md", "text": "https://wpnews.pro/news/openai-barrels-towards-ipo-that-may-happen-in-september.txt", "jsonld": "https://wpnews.pro/news/openai-barrels-towards-ipo-that-may-happen-in-september.jsonld"}}