OpenAI Targets 2027 IPO Amid AI Market Uncertainty

OpenAI, the developer behind ChatGPT, is reportedly preparing for a landmark initial public offering in 2027, according to sources cited by The New York Times. The AI giant has enlisted Goldman Sachs and Morgan Stanley to orchestrate a listing that could target a $1 trillion valuation—a 37% premium to its last private valuation of $730 billion.

CEO Sam Altman's aggressive valuation push comes as rival Elon Musk capitalizes on SpaceX's recent public debut. While OpenAI's offering could outperform SpaceX's SPCX IPO, advisers caution that retail investor appetite may be tempered by broader market skepticism about AI valuations.

Tech stocks continue to underperform as investors question whether AI firms can deliver on hyperbolic growth expectations. The sector's volatility mirrors earlier this year's AI pullback, creating headwinds for upcoming listings.