OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing

OpenAI is preparing to confidentially file for a U.S. initial public offering in the coming weeks, a source familiar with the matter said on Wednesday, adding to a wave of blockbuster listings anticipated in the year ahead.

The plan by the ChatGPT maker, which was last valued at $852 billion, comes two days after it fended off an existential court challenge ‌from Elon Musk ⁠and threatens ⁠to upstage SpaceX’s IPO filing, expected later in the day.