OpenAI to delay IPO to 2027

Delaying the IPO shows that even the industry's poster child cannot escape growing market skepticism around AI's long-term profitability. Rushing to a public listing without a clear path to a trillion-dollar valuation is no longer a viable option.

• –SpaceX's volatile post-IPO performance serves as a direct cautionary tale, influencing OpenAI's advisers to advocate caution.
• –CEO Sam Altman's push for a $1 trillion valuation faces realistic pushback from bankers pointing to recent tech market corrections.
• –High computing costs and heavy R&D spending continue to generate massive net losses despite OpenAI's substantial revenue growth.
• –Anthropic's concurrent IPO preparations suggest both leading labs are facing identical pressures to defer public market debuts.