One day after Elon Musk lost his lawsuit threatening OpenAI's structure, leadership, and finances, Sam Altman's ChatGPT company is moving toward an IPO that insiders describe as potentially major.
According to sources at the Wall Street Journal, OpenAI CEO Altman is targeting September for the company's public listing. Goldman Sachs and Morgan Stanley are already involved, and the company may file paperwork confidentially with regulators within days or weeks.
The timing puts the two companies in direct competition. While OpenAI moves toward the stock market, SpaceX—owned by Musk and now a direct competitor after acquiring xAI—is preparing to file its own IPO paperwork, reportedly as soon as Wednesday.
The outcome of Musk's failed lawsuit clears a path for OpenAI's public offering. Sources suggest the next phase of the Musk-Altman rivalry will play out in the financial markets: which IPO will be larger, and which will attract more investor capital.
OpenAI has not commented publicly on the news. Altman appears positioned to capitalize on OpenAI's position in the AI market while Musk pursues his own IPO plans.
