OpenAI is reportedly considering delaying its initial public offering until 2027, a move that would push back its market debut by several years. The AI startup is said to be weighing the option as it focuses on scaling its technology and infrastructure, similar to SpaceX's approach of staying private for an extended period.
Background
OpenAI, the creator of ChatGPT, is reportedly considering delaying its initial public offering (IPO) until at least 2027 — a move that would mirror SpaceX's unusually long timeline between founding and going public. Most tech startups go public (i.e., list shares on a stock exchange) much sooner, often within 5–10 years. OpenAI was founded in 2015 as a non-profit, later added a for-profit arm. Delaying allows the company to avoid near-term public scrutiny, retain flexibility in a rapidly evolving industry, and potentially command a higher valuation later, but it also means investors (including Microsoft, a major backer) must wait longer for liquidity. SpaceX, founded in 2002, still hasn't held an IPO, and its private fundraising rounds value it at over $200 billion — a model OpenAI now seems to be studying.
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