TechFlow News, June 26: According to The New York Times, citing three individuals involved in internal OpenAI discussions, OpenAI is inclined to postpone its IPO to next year. Sources familiar with the matter said OpenAI had originally planned to go public as early as Q3 or Q4 of this year. CEO Sam Altman has urged financial advisors to explore every possible avenue to boost the company’s valuation to $1 trillion. However, a series of recent developments have forced OpenAI executives to abandon their initial aggressive timeline. Among these, the most notable is the post-IPO performance of SpaceX, Elon Musk’s company, which went public this month.
SpaceX’s stock price has declined steadily in recent days, closing at $153 on Thursday—down from a recent high of $202 last week. Global markets have also been volatile over the past few weeks, with tech stocks dragging down indices and investors questioning whether AI companies can deliver on their overly ambitious promises. According to two sources familiar with the matter, OpenAI’s advisors warned the company over the past week that retail investors may show limited enthusiasm for its stock.
