One day after Elon Musk lost a lawsuit that threatened the structure, leadership, and finances of OpenAI, the artificial intelligence giant announced it is ready to begin its initial public offering (IPO) process. According to Wall Street Journal sources, the company plans to enter the stock market in the coming months. This was reported by Techcrunch.com reports .
OpenAI CEO Sam Altman hopes the company will be ready for public trading by September. The creator of ChatGPT is partnering with Goldman Sachs and Morgan Stanley, leaders in tech IPOs, to execute this process. Reports suggest that confidential documents for the IPO could be submitted to regulators within days or weeks.
The highly anticipated debut of OpenAI coincides with a time when the global community is awaiting the filing of IPO documents for SpaceX. SpaceX, which includes Elon Musk's xAI project, is currently one of OpenAI's main competitors.
After Musk's attempt to stop the company he co-founded through the courts failed, the next battle between Musk and Altman is expected to continue in the financial world. For now, market participants are watching with interest to see which company's shares will be in higher demand. OpenAI representatives have not yet provided an official comment on these reports.
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