OpenAI Delays IPO to 2027 as SpaceX Shares Slide 24% After $85 Billion Debut
Updated
Updated · The New York Times · Jun 25
OpenAI Delays IPO to 2027 as SpaceX Shares Slide 24% After $85 Billion Debut
3 articles · Updated · The New York Times · Jun 25
Summary
OpenAI is leaning toward postponing its initial public offering until next year, backing away from plans to list as early as the third or fourth quarter of 2026.
A 24% drop in SpaceX shares—from a $202 peak last week to $153 on Thursday—has sharpened concerns that retail investors may not support another giant tech float.
Choppy global markets and weaker tech stocks have also pushed advisers to warn that enthusiasm for AI listings may be fading despite lofty expectations.
The shift marks a retreat from Sam Altman’s push for a $1 trillion valuation, far above OpenAI’s last private valuation of $730 billion.
OpenAI had already filed confidential IPO paperwork this month, and any delay could cool hopes that its listing—and Anthropic’s planned debut—would ignite a broader AI offering wave.