# The company behind ChatGPT announced Monday that it has confidentially filed for an initial public offering. *genai · news · 2026-06-09 · TechStartups.com* ## Key points - OpenAI has confidentially filed for an IPO with the SEC but has not set a date. - OpenAI is working with Goldman Sachs and Morgan Stanley as lead IPO advisers. - OpenAI's most recent valuation is $852 billion, making it one of the highest-valued private companies. - OpenAI has recently narrowed its focus to user and enterprise products, scaling back experiments like Sora. - Anthropic's latest funding round valued it at $965 billion, surpassing OpenAI's valuation. Just weeks ago, Anthropic quietly filed paperwork to go public. SpaceX is already on the road pitching investors. Now OpenAI has entered the race. The company behind ChatGPT announced Monday that it has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, setting the stage for what could become one of the biggest technology listings in history. The filing comes at a time when the artificial intelligence sector is moving from private fundraising rounds to public market scrutiny. OpenAI’s most recent valuation is $852 billion, making it one of the most valuable private companies on the planet. A confidential filing allows companies to submit financial information to regulators before making those details public. It gives management teams time to address questions from regulators and prepare for a public offering away from the spotlight. “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it. We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of tradeoffs, and this gives us the option to go public sooner if that ends up being best,” OpenAI said in a statement. The company has not committed to a specific IPO date. OpenAI CFO Sarah Friar signaled earlier this year that the company was preparing itself to operate like a public company. Speaking to CNBC in April, Friar described it as “good hygiene” for an organization of OpenAI’s scale to “look and feel and act” like one. Behind the scenes, OpenAI is reportedly working with Goldman Sachs and Morgan Stanley on the filing process. The two banks are among Wall Street’s most experienced technology IPO advisers and are listed as lead firms on SpaceX’s offering. The filing marks another milestone in OpenAI’s rise from research lab to global technology heavyweight. Since launching ChatGPT in late 2022, the company has become one of the defining forces in artificial intelligence. OpenAI says ChatGPT now serves more than 900 million weekly active users. Yet growth has brought new pressure. Competition across AI has intensified as OpenAI, Anthropic, Google, and Elon Musk’s xAI race to build larger models, secure computing capacity, and attract enterprise customers. SpaceX, which merged with xAI earlier this year, identified OpenAI, Anthropic, and Google among its key AI competitors in its public filing. The timing is hard to ignore. Anthropic disclosed its own confidential IPO filing just one week ago. The startup recently completed a funding round that valued the company at $965 billion, surpassing OpenAI’s latest valuation. Both companies are spending heavily on infrastructure, talent, and model development, creating strong incentives to access public capital markets. OpenAI prepares for its next chapter For CEO Sam Altman, an IPO would open a new chapter in OpenAI’s evolution. The company has raised more than $180 billion from investors and continues to spend aggressively on AI infrastructure, data centers, and the computing resources required to train increasingly powerful models. Public market investors are likely to focus closely on OpenAI’s revenue growth, operating costs, and path to profitability. Altman addressed the company’s future direction in a blog post published Monday. According to Altman, OpenAI’s first phase focused on research aimed at artificial general intelligence. The second phase centered on becoming a product company and learning how people use AI systems in everyday life. “Now we are entering the third phase,” he wrote. “The economy is beginning to reshape around AI. The central question now is how to make advanced AI abundant, affordable, safe, useful, and easy enough for every person and organization to benefit from it.” That shift is already visible across the company. OpenAI has narrowed its focus to products that attract users and enterprise customers. The company recently scaled back efforts around some experimental projects, including its short-form video product Sora. At the same time, OpenAI is investing heavily in Codex, its coding assistant platform that competes directly with Anthropic’s Claude Code. Altman recently described Codex’s momentum on X, writing that it “feels like codex is having a chatgpt moment.” The AI IPO race is just getting started OpenAI’s filing lands less than a month after Altman and Musk emerged from a closely watched legal battle. Musk first sued OpenAI and Altman in 2024, claiming they abandoned commitments tied to the company’s nonprofit roots. A federal advisory jury recently found that Musk waited too long to bring those claims. The presiding judge adopted the jury’s conclusion. Musk responded on X by arguing that the court “never actually ruled on the merits of the case, just on a calendar technicality.” That dispute may be fading into the background as investors turn their attention elsewhere. The bigger story now is the race unfolding across artificial intelligence. Anthropic has filed. OpenAI has filed. SpaceX is preparing for its market debut. Three of the most influential companies in AI are moving closer to Wall Street at the same time, setting up what could become one of the most consequential periods in technology investing since the internet boom. **Companies:** OpenAI, SpaceX, Goldman Sachs, Morgan Stanley, Anthropic **Countries:** United States [Read the full story on TechStartups.com](https://techstartups.com/2026/06/09/openai-confidentially-files-for-ipo-at-852-billion-valuation-as-ai-race-with-anthropic-and-spacex-heats-up/) --- Canonical: https://newsio.io/n/94ae2227-7ff9-4fa1-9594-4ae07bde043e/the-company-behind-chatgpt-announced-monday-that-it-has-confidentially-filed-for Summarized by Newsio from TechStartups.com. https://newsio.io/how-it-works