OpenAI leaning towards delaying IPO to next year, SpaceX stock pullback causes shift in stance

PANews, June 26 - According to The New York Times, OpenAI is leaning towards postponing its IPO until next year, even though the company has hired bankers and lawyers to prepare for a listing as early as the third or fourth quarter of this year. Three people involved in the company’s discussions revealed that CEO Sam Altman is pushing the advisory team to find a path to a $1 trillion valuation, up from the company’s last private valuation of $730 billion. But multiple factors have recently led to a shift in OpenAI’s stance: SpaceX’s share price after its IPO this month fell from a high of $202 last week to a Thursday close of $153, global tech stock volatility has intensified, and investors are questioning whether AI companies can deliver on high expectations. Two people familiar with the matter said that OpenAI’s advisory team, in discussions with the company over the past week, has warned that retail investors may lack sufficient enthusiasm for OpenAI’s stock.

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Author: PA一线

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