OpenAI Considers 2027 IPO as AI Rival Anthropic Eyes Earlier Market Debut

OpenAI is reportedly considering an initial public offering as soon as 2027, potentially after its AI rival Anthropic goes public. The decision reflects market volatility and investor caution toward tech stocks, according to sources cited by Bloomberg and The New York Times.

Background and Timing

OpenAI and Anthropic have both filed confidential IPO paperwork with the SEC. OpenAI initially planned a fall 2026 listing, but recent stock market turbulence, including the underwhelming post-IPO performance of SpaceX, has prompted advisors to suggest delaying until 2027 or lowering the valuation target Source: infobae. OpenAI's leadership has not committed to a timeline, noting that some goals are easier as a private company Source: larepublicaco.

Anthropic, however, may proceed with its IPO as early as October 2026, potentially beating OpenAI to the public market Source: larepublicaco. The company has seen revenue surge due to its AI software, including Claude.

Market and Stakeholder Impact

• OpenAI's potential valuation of $1 trillion is dependent on timing and market conditions Source: infobae. The company raised $122 billion in April, led by Amazon, Nvidia, and SoftBank, valuing it at $852 billion Source: larepublicaco.
• Advisors Goldman Sachs and Morgan Stanley are working on the IPO, but their stocks fell nearly 5% and 4% respectively on the delay news Source: larepublicaco. SoftBank and Oracle shares also declined Source: larepublicaco.

Disagreements Between Sources

While both sources agree on the 2027 possibility, infobae emphasizes the 2026 delay due to SpaceX's performance, whereas larepublicaco highlights the earlier Asian market reactions to the delay. Both note the confidential filing and OpenAI's cautious stance.