AI: OpenAI files an IPO project valued at $852 billion

On Wall Street, the time for big IPOs returns with the smell of an electric market. The technological giants advance their pieces on a global chessboard where each move costs a lot. This time, OpenAI is pushing its case to the SEC, with colossal financial resources. Behind this quiet entrance begins the public trial of the AI ​​dream.

OpenAI advances towards Wall Street with ChatGPT as its global passport

OpenAI filed a confidential Form S-1 with the SEC on June 8, 2026. This procedure allows the regulator to review the filing before publication. The company specifies, however, that no definitive timetable has been set. It can remain private for a long time, while retaining the option of a rapid listing.

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

The legal terrain also appears clear. In May 2026, a US jury rejected Elon Musk's complaint against OpenAI. This decision removes a major opposing piece before the eventual march to Wall Street.

The AI ​​bill becomes the real test for investors

AI promises an immense future, but its servers swallow capital like a beast on a drip. OpenAI generates about $2 billion in monthly revenue, according to data reported to investors. Over the previous year, revenues reached around 13.1 billion. The growth is spectacular, almost insolent.

However, OpenAI remains in deficit. The costs mainly come from calculation, data centers, model training and the infrastructure necessary for ChatGPT. Reuters says the company doesn't expect to be profitable until 2030. Here's the cold heart of the matter: Wall Street will have to judge a company that's already huge, but still voracious.

This IPO will therefore not only sell a popular application. She will sell a complete thesis on the economics of artificial intelligence. Investors will examine margins, cash burn and OpenAI's ability to turn its technical lead into sustainable profits.

Anthropic, SpaceX and the big tournament of mega IPOs

OpenAI does not arrive alone in the public markets. Anthropic filed its own confidential file on June 1, 2026. The company behind Claude would be valued at around 965 billion after its latest fundraising. SpaceX is also aiming for a gigantic operation, with a valuation of around 1,750 billion.

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

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

Pointers to keep in mind

• Confidential S-1 filed June 8, 2026.
• Post-money valuation: $852 billion.
• ChatGPT exceeds 900 million weekly users.
• OpenAI generates around 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, an everyday OS. Wall Street is watching the numbers, but the real battle could be played out in daily uses.