OpenAI Reportedly Could File For IPO This Week—Teeing Up Showdown With Musk's SpaceX
OpenAI is reportedly preparing to file for an IPO as early as this week, aiming for a public debut in September. This move follows a recent legal victory for OpenAI's CEO Sam Altman against Elon Musk, who is also pursuing an IPO for his company SpaceX. The situation sets the stage for a competitive landscape between the two tech giants.
- ▪OpenAI's bankers are finalizing initial paperwork for an IPO filing with the SEC.
- ▪Goldman Sachs and Morgan Stanley are advising OpenAI on the draft prospectus.
- ▪Elon Musk's lawsuit against OpenAI was recently dismissed, and he plans to appeal.
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BreakingBusinessOpenAI Reportedly Could File For IPO This Week—Teeing Up Showdown With Musk's SpaceXByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 20, 2026, 12:51pm EDTToplineChatGPT maker OpenAI is targeting a September public debut, the Wall Street Journal reported Wednesday, days after Sam Altman's courtroom victory over Elon Musk—whose own rocket company is unveiling IPO paperwork as soon as Wednesday. (Photo by Tomohiro Ohsumi/Getty Images)Getty ImagesKey FactsOpenAI's bankers have been preparing initial paperwork that could land with the Securities and Exchange Commission within days, people familiar with the matter told the Journal, though plans remain fluid.Goldman Sachs and Morgan Stanley are among the firms advising the company on the draft prospectus, with…
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