Altman demands $1T valuation or IPO bust: Is OpenAI's math broken?
openai delays its ipo to 2027 as ceo sam altman insists on a $1 trillion valuation, rejecting lower options. this delay risks alienating major backers like softbank amid stalled user growth.
openai is pushing its ipo back to 2027, reportedly because ceo sam altman is demanding a $1 trillion valuation—far above the current private $730 billion mark. advisors warned against this, citing volatile markets and spacex's post-ipo stock decline, but altman rejected a faster ipo with a lower valuation. the delay immediately impacted softbank, whose shares dropped 13 percent on the news, complicating its $65 billion investment plan. openai faces pressure to prove its worth, currently posting heavy losses while chatgpt user growth stalls at 900 million.