OpenAI considers postponing its IPO to 2027: the role of SpaceX and the weight of a $1 trillion valuation

OpenAI would be considering postponing its IPO to 2027, aiming to protect a valuation of $1 trillion and to avoid going public in a window deemed too fragile by advisors. This information comes from the New York Times, which links the potential delay to the turbulent debut of SpaceX and the nervous atmosphere surrounding AI-related stocks.

The dossier remains open on Wall Street's table: OpenAI has submitted the documentation for listing confidentially and, according to the American newspaper, the company continues to view the public market as the natural step to finance the next phase of growth. The question is no longer whether to go public, but when to do it without sacrificing the goal of a record capitalization.

This is where the operation becomes significant even beyond the scope of the individual company. OpenAI is the most visible symbol of the race in generative AI, and its IPO would have a ripple effect across the entire ecosystem, from investors to competitors to chip and infrastructure suppliers that are supporting the investment rush in models, computation, and data centers.

The New York Times also reports that advisors have suggested two paths: wait until 2027 to pursue the $1 trillion target or lower the bar to accelerate the debut. Sam Altman has reportedly not shown openness to a discounted listing, making a postponement more plausible than a compromise on price.

The SpaceX precedent weighs heavily, as it has shown how volatile the market can be even around the most anticipated names. For a company like OpenAI, which is not yet profitable and requires massive investments, entering the stock market in a period of weak enthusiasm could compress the valuation precisely when the group aims to convert its status as a tech leader into a record capitalization.