OpenAI Reportedly Reviewing Delay of IPO Plans to Next Year

Artificial intelligence (AI) research company OpenAI is reportedly considering postponing its stock listing plans, which involve registering the company's shares on the securities market, from the end of this year to next year.

OpenAI recorded annual revenue of $13 billion last year. While its revenue target for this year was triple that of last year, its average monthly revenue has only reached around $2 billion.

OpenAI CEO Sam Altman had instructed his advisory team to explore ways to achieve a valuation of $1 trillion. The recent market performance of Elon Musk's SpaceX, which saw its stock price decline after its record-breaking IPO, appears to have influenced discussions regarding OpenAI's listing timeline.

The advisory team presented OpenAI's management with two options: proceed with a listing next year while maintaining the $1 trillion valuation, or pursue an earlier listing at a reduced valuation. CEO Altman has indicated he cannot accept a downward adjustment of the company's valuation.