OpenAI Targets September IPO, Aims to Raise $60 Billion

OpenAI is preparing to go public. The company plans to file for a US IPO as early as September, aiming to raise up to $60 billion in what would be one of the largest tech offerings in recent memory.

The company's current private valuation is approximately $852 billion. Goldman Sachs and Morgan Stanley are reportedly advising on the offering. OpenAI's nonprofit arm still holds roughly 26% of the for-profit entity, valued at around $130 billion, a structure that continues to draw legal scrutiny.

OpenAI faces fierce competition from Anthropic, Google DeepMind, and Meta, all pouring billions into AI models. The company is positioning itself as a business infrastructure provider, targeting 30 gigawatts of compute capacity by 2030, a goal that will require sustained capital investment.

A public OpenAI is expected to intensify the spending war with rivals, benefiting infrastructure providers like Nvidia.