OpenAI Just Filed for an IPO. Now What?

OpenAI has submitted a confidential Form S-1 to the SEC for a proposed IPO, following similar moves by Anthropic and SpaceX. With a current valuation of $852 billion from private investors, OpenAI is expected to achieve a $1 trillion valuation upon going public. The company has not yet decided on timing, as it weighs the benefits of remaining private versus going public.