OpenAI Weighs Delaying IPO to 2027

The New York Times reported that OpenAI is leaning toward postponing a public offering until 2027, according to three people familiar with the deliberations. Reuters reported the company has confidentially filed for a U.S. initial public offering and is targeting a valuation of up to $1 trillion, and that Chief Financial Officer Sarah Friar has told some associates the company is eyeing a 2027 listing. The NYT, Reuters and Forbes say advisers gave executives the option of waiting for a $1 trillion debut or accepting a lower valuation for a faster listing; the NYT reported CEO Sam Altman called any cut to that valuation a "non-starter." Reuters and The Information report the U.S. government asked OpenAI to stagger release of its new model, and that Altman told staff GPT 5.6 would enter a limited preview with access approved "customer by customer" during that period.