June 8, 2026OpenAI Officially announced that it has confidentially submitted an S-1 listing application to the U.S. Securities and Exchange Commission (SEC). SpaceX(valued at US$1.75 trillion), the AI industry is performing the most spectacular relay race in history for the three giants to go public.
OpenAI IPO details
According to CNBC and other media reports, the key information of this IPO is as follows:
- Valuation: The valuation of the last round of financing was $852 billion, slightly lower than Anthropic’s 965 billion
- Lead underwriter:Goldman Sachs and Morgan Stanley——This highly overlaps with SpaceX’s underwriting lineup
- timeline: OpenAI said that "the specific time has not yet been decided", but it may be Fourth quarter of 2026 Officially listed
- employee mobility: Plan to launch a tender offer, allowing employees to sell shares at the latest valuation
OpenAI said frankly in the statement: "We expected the document to be leaked, so we took the initiative to make it public." This kind of transparency is quite rare in the traditional IPO process, but it is increasingly common in the AI industry - Anthropic CEO Dario Amodei has also expressed a similar attitude before.
ChatGPTand financial status
ChatGPT Currently has more than 900 million weekly active users, is the world’s largest AI consumer product. $180 billion, mainly used for computing power procurement and infrastructure construction.
In terms of commercialization, OpenAI is actively promoting enterprise business and programming assistant products Codex(With Anthropic’s Claude Code directly competes).ChatGPT explosive moment."
Altman’s “Phase 3” Vision
In conjunction with the IPO announcement, Altman also published a blog post titled "Built to Benefit Everyone", dividing the development of OpenAI into three stages:
- first stage:Pure Research—Exploring AGI
- second stage: Productization – learning how people use AI tools
- The third stage(Current): Reshaping the Economy – Making Advanced AI Rich, Affordable, Safe and Easy to Use
Altman writes: “The economy is being reshaped around AI. The core questions now are:How to make advanced AI abundant, affordable, safe and useful to everyone and every organization.
Big Three IPO Race: Who Will Win?
The current IPO timelines of the three companies are very clear:
- SpaceX: Listed this week (mid-June), valuation 1.75 trillion, road show has started
- Anthropic:S-1 filed on June 1, valuation 965 billion, time to be determined
- OpenAI:S-1 filed on June 8, valuation 852 billion, possibly in Q4 2026
The three companies are all vying for the historical position of "the first AI IPO stock", but the more critical competition is who can tell a more convincing growth story to the public market.AI product iterations will be faster, but charges will also be clearer——After all, after listing, quarterly financial report numbers are more important than anything else.
The AI industry is moving from "burning money in exchange for growth" to "making blood to prove value." AI Dash ——Discover the best AI tools.