Tech race to go public in full swing as OpenAI plots stock market float

OpenAI has filed confidential paperwork with the US Securities and Exchange Commission for an initial public offering, signaling its intention to go public, though timing remains undecided. The filing was described as confidential, but the company noted it disclosed the move to head off potential leaks. Led by CEO Sam Altman, OpenAI reports monthly revenues around two billion dollars and is developing an AI superapp that would unite ChatGPT, its Codex coding tool, and browsing capabilities. The IPO follows Anthropic’s decision to pursue a listing, underscoring a broader wave of AI-focused IPOs. Anthropic is valued at nearly $1 trillion, while Alphabet plans to raise about $80 billion to fund AI infrastructure—its first equity offering in more than 20 years. SpaceX, Elon Musk’s aerospace company, is also reported to be preparing a Nasdaq listing. These moves reflect a surge of capital chasing AI firms as investor interest remains buoyant. Industry observers note that these listings could reshape funding for AI development, though regulators will scrutinize disclosures and competition and security in a rapidly evolving landscape.