: OpenAI is leaning towards waiting until 2027 to conduct an IPO.

According to reports cited by three informed sources in the United States media, OpenAI is leaning towards delaying its IPO until next year. The report stated that bankers advising on OpenAI's IPO warned that recent volatile fluctuations in the stock prices of technology companies and SpaceX following their listings could weaken retail investor enthusiasm for buying OpenAI shares. The report stated that OpenAI CEO Sam Altman urged advisors, including bankers and lawyers, to set the valuation target at $1 trillion. Previous reports stated that OpenAI was working with Goldman Sachs and Morgan Stanley in an effort to go public as early as this fall. A representative from OpenAI has not yet responded to requests for comment. On June 8th, OpenAI released a statement saying that it had confidentially submitted IPO documents to the U.S. Securities and Exchange Commission.