OpenAI prepares for September IPO
openai reportedly targets a september ipo, hiring goldman sachs and morgan weeks after elon musk's lawsuit failed.
openai ceo sam altman aims to take the company public by september, hiring goldman sachs and morgan stanley to lead the offering. the firm plans to file confidential paperwork with regulators soon, capitalizing on the dismissal of elon musk's lawsuit. musk's legal action accused openai of abandoning its non-profit mission but was dropped, clearing the path for the ipo. the listing will kick off a new financial rivalry with musk's xai, a spacex partner and emerging openai competitor.