# OpenAI Confidentially Files for IPO, Completing the Trio of AI Giants Racing to Wall Street

*2026-06-11 02:01 UTC · Business · 1 min read*

> OpenAI confidentially filed for an IPO targeting a valuation of up to $850 billion, joining Anthropic and SpaceX in a historic AI rush to Wall Street.

OpenAI confidentially submitted a draft S-1 registration statement to the SEC on June 8, one week after rival Anthropic and days before SpaceX's record listing. The company, last valued at $852 billion, took the unusual step of announcing the secret filing itself: "We expect it to leak so we're just announcing it."

According to a source cited by CNBC, OpenAI is targeting a September 2026 debut at a valuation of $730-850 billion, with Goldman Sachs and Morgan Stanley as underwriters. The company says timing is still undecided, since some plans are "likely easier as a private company." CFO Sarah Friar noted the current valuation would already place OpenAI among the top 15 companies in the S&P 500.

The driver is cash: OpenAI projects an $85 billion burn in 2028 — including roughly $122 billion in computing costs that year — and does not expect to be cash-flow positive for at least four more years, even as ChatGPT reaches 900 million weekly active users.

## Sources

- [techcrunch.com](https://techcrunch.com/2026/06/08/following-anthropic-openai-files-confidentially-for-ipo/)
- [fortune.com](https://fortune.com/2026/06/09/openai-files-confidential-s-1-sec-ipo/)
- [cnbc.com](https://www.cnbc.com/2026/06/08/openai-confidentially-files-for-ipo-prepping-wall-street-for-ai-debut.html)

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TechTools News · https://techtools.cz/tools/news/article/1810-openai-confidentially-files-for-ipo-completing-the-trio-of-ai-giants-racing-to
Česká verze: https://techtools.cz/tools/news/clanek/1883-openai-duverne-podal-zadost-o-ipo-doplnil-trojici-ai-gigantu-miricich-na-wall