OpenAI is reportedly considering delaying its initial public offering until 2027 as the company pursues a valuation of up to $1 trillion.
The New York Times reported the potential OpenAI IPO delay on Thursday, citing three people involved in the company’s discussions.
OpenAI Considers 2027 IPO
OpenAI has confidentially filed for an initial public offering in the United States, according to previous reports.
However, the artificial intelligence company may postpone its stock market debut until next year.
Reuters previously reported that OpenAI Chief Financial Officer Sarah Friar had told some associates that the company was targeting a 2027 listing.
Advisers Present Two IPO Options
According to The New York Times, OpenAI’s advisers presented executives with two possible paths.
The company could wait until 2027 and continue targeting a valuation of $1 trillion. Alternatively, it could accept a lower valuation and complete its public listing sooner.
CEO Sam Altman reportedly rejected the idea of reducing the proposed valuation.
The report said Altman viewed any change to the $1 trillion target as unacceptable.
OpenAI Seeks $1 Trillion Valuation
A $1 trillion valuation would make OpenAI’s public offering one of the largest and most closely watched technology listings in history.
However, reaching that target could depend on market conditions, investor demand and confidence in the long-term growth of the artificial intelligence sector.
Waiting until 2027 may give OpenAI more time to expand revenue, strengthen its products and demonstrate that its high valuation is sustainable.
A faster IPO, by comparison, could require the company to accept a lower price during a period of volatility across technology stocks.
U.S. Government Requests Staggered Model Release
Separately, the administration of U.S. President Donald Trump reportedly asked OpenAI to introduce its latest artificial intelligence model gradually.
A person familiar with the matter told Reuters that the request was linked to national security concerns.
OpenAI may initially make GPT-5.6 available through a limited preview for selected partners.
Government May Approve Access Individually
According to The Information, Altman told employees that government officials would approve access to the model on a customer-by-customer basis during the preview period.
The staged rollout reportedly followed requests from the Office of the National Cyber Director and the White House Office of Science and Technology Policy.
This approach would allow officials to examine potential security risks before OpenAI releases the model more widely.
OpenAI Balances Growth and Security Concerns
OpenAI now faces two major strategic decisions.
The company must determine when to enter the public market while preserving its desired valuation. At the same time, it must manage government concerns surrounding the release of increasingly advanced AI models.
The timing of the IPO and the broader launch of GPT-5.6 could influence investor confidence, regulatory scrutiny and OpenAI’s position within the global artificial intelligence industry.
