OpenAI barrels towards IPO that may happen in September
OpenAI is preparing for an initial public offering (IPO) that could occur as early as September. This development follows Elon Musk's recent legal defeat, which had posed challenges to OpenAI's operations. The company is collaborating with major investment banks and may soon file the necessary paperwork with regulators.
- ▪OpenAI's CEO Sam Altman aims for the company to go public by September.
- ▪The company is working with Goldman Sachs and Morgan Stanley for its IPO.
- ▪Elon Musk's lawsuit against OpenAI was recently dismissed, allowing the company to move forward.
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In Brief Posted: 10:24 AM PDT · May 20, 2026 Image Credits:Nathan Howard/Bloomberg / Getty Images Julie Bort OpenAI barrels towards IPO that may happen in September 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. OpenAI 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.
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