ChatGPT maker reportedly eyes $1 trillion IPO despite major quarterly losses

On Tuesday, OpenAI CEO Sam Altman told Reuters during a livestream that going public “is the most likely path for us, given the capital needs that we’ll have.” Now sources familiar with the matter say the ChatGPT maker is preparing for an initial public offering that could value the company at up to $1 trillion, with filings possible as early as the second half of 2026. However, news of the potential IPO comes as the company faces mounting losses that may have reached as much as $11.5 billion in the most recent quarter, according to one estimate.

Going public could give OpenAI more efficient access to capital and enable larger acquisitions using public stock, helping finance Altman’s plans to spend trillions of dollars on AI infrastructure, according to people familiar with the company’s thinking who spoke with Reuters. Chief Financial Officer Sarah Friar has reportedly told some associates the company targets a 2027 IPO listing, while some financial advisors predict 2026 could be possible.

Three people with knowledge of the plans told Reuters that OpenAI has discussed raising $60 billion at the low end in preliminary talks. That figure refers to how much money the company would raise by selling shares to investors, not the total worth of the company. If OpenAI sold that amount of stock while keeping most shares private, the entire company could be valued at $1 trillion or more. The final figures and timing will likely change based on business growth and market conditions.