OpenAI is set to confidentially file for an IPO as soon as this week, according to a new report.
Citing a source familiar with the matter, CNBC detailed that the company is working with banks including Goldman Sachs and Morgan Stanley to take the step soon.
The company is valued at more than $850 billion by private investors.
The company has not confirmed nor denied the plans, with a representative saying that "as part of normal governance, we regularly evaluate a range of strategic options."
"Our focus remains on execution," the representative added.
The outlet recalled that OpenAI has been preparing to go public and that its CFO, Sarah Friar, recently said that it is "good hygiene" for a company of its size to "look and feel and act" like a public company.
This year could feature some of the largest IPOs in market history. Another one that is set to take place soon is that of SpaceX, which reportedly accelerated its timeline and is targeting a June debut under the ticker SPCX.
The rocket and satellite company seeks to raise up to $75 billion at a valuation above $2 trillion in what would be the largest initial public offering in history.
The acceleration, reported by Reuters on May 16, comes as three of the largest U.S. public pension funds publicly challenged SpaceX's governance structure this week, warning that the offering would give CEO Elon Musk permanent, near-unchecked control over a company whose shares could be forced into the retirement accounts of millions of Americans within days of listing.
SpaceX confidentially filed its S-1 with the SEC on April 1, 2026, confirmed independently by Bloomberg, Reuters, and CNBC. The offering is led by a 21-bank syndicate including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup.
The $75 billion target raise would be roughly 2.5 times the size of Saudi Aramco's 2019 record. Up to 30 percent of the offering is reportedly reserved for retail investors, a figure that is approximately three times the standard allocation for an offering of this size, a structure critics say places ordinary savers in the path of a complex, opaque listing.
