The New York Times, citing three people involved in internal discussions,
reports OpenAI is leaning toward postponing an IPO until next year; the company
had targeted as early as Q3–Q4 this year. CEO Sam Altman pushed advisers to aim
for a $1 trillion valuation. Recent developments — most notably Musk’s SpaceX
post-IPO share slide, which fell to $153 on Thursday from a $202 peak last week
— and recent tech-led market volatility forced OpenAI executives to abandon
their aggressive timetable. Two people said advisers warned last week that
retail investors may not show strong demand for the stock.
