AI: OpenAI Files for IPO Valued at 852 Billion Dollars

At Wall Street, the time for major IPOs returns with an electric market atmosphere. The tech giants move their pieces on a global chessboard where every move is costly. This time, OpenAI is pushing its file to the SEC, with a colossal financial mass. Behind this quiet entry begins the public trial of the AI dream.

OpenAI advances to Wall Street with ChatGPT as a global passport

OpenAI filed a confidential S-1 form with the SEC on June 8, 2026. This procedure allows the regulator to review the file before publication. However, the company specifies that no final schedule has been set. It can stay private for a long time while keeping the option of a quick listing.

The file impresses. OpenAI comes out of a private raise of 122 billion dollars, carried out in March 2026. This operation values the company at 852 billion post-money, with SoftBank, Amazon, Nvidia, and Microsoft cited. ChatGPT claims more than 900 million weekly users and about 50 million paying subscribers.

The legal ground also seems clear. In May 2026, a US jury dismissed Elon Musk’s lawsuit against OpenAI. This decision removes a major opposing piece before the possible move towards Wall Street.

The AI bill becomes the true test for investors

AI promises a huge future, but its servers consume capital like a beast on a drip. OpenAI generates about 2 billion dollars in monthly revenue, according to data shared with investors. Over the previous year, revenues reach about 13.1 billion. The growth is spectacular, almost insolent.

However, OpenAI remains unprofitable. Costs mainly come from computation, data centers, model training, and the infrastructure needed for ChatGPT. Reuters indicates that the company does not expect to be profitable before 2030. This is the cold core of the subject: Wall Street will have to judge a company already huge, but still voracious.

This IPO will therefore not only sell a popular application. It will sell a complete thesis on the artificial intelligence economy. Investors will examine margins, cash consumption, and OpenAI’s ability to turn its technical lead into sustainable profits.

Anthropic, SpaceX and the great mega IPO tournament

OpenAI does not arrive alone before public markets. Anthropic filed its own confidential document on June 1, 2026. The company behind Claude is reportedly valued around 965 billion after its last raise. SpaceX is also aiming for a gigantic operation, with a valuation mentioned around 1,750 billion.

This concentration raises a question: can the market swallow so many promises at once? Bankers dream of historic commissions, but managers are already monitoring the risk of capital absorption. Too many mega IPOs can suck the available oxygen from other listings.

OpenAI also presents its file as a new phase. Its manifesto speaks of a more accessible advanced AI, with the ambition to give everyone a powerful personal system. This vision speaks to the general public, but the Stock Market will demand precise accountability.

Key points to keep in mind

• Confidential S-1 filed on June 8, 2026.
• Post-money valuation: 852 billion dollars.
• ChatGPT exceeds 900 million weekly users.
• OpenAI generates about 2 billion monthly.
• Anthropic and SpaceX are also preparing major IPOs.

Beyond the IPO, OpenAI is already preparing another maneuver. The company is working to transform ChatGPT into a much more central platform, a daily OS. Wall Street is watching the numbers, but the real battle could be played in daily usage.