OpenAI to Go Public After Musk Lawsuit Ends in Defeat

The AI giant is ready to move forward with its IPO, with sources telling the Wall Street Journal that the company hopes to be listed by September.

OpenAI chief executive Sam Altman has reportedly been working with tech IPO powerhouse bankers Goldman Sachs and Morgan Stanley, and may file IPO paperwork confidentially with regulators within days or weeks.

The news comes as the world awaits the public disclosure of SpaceX's IPO filings, which are expected to appear as soon as Wednesday.

The lawsuit filed by Elon Musk against OpenAI has ended in defeat, paving the way for the company to pursue its IPO.

As one of OpenAI's major competitors, SpaceX is now in a position to potentially outdo its rival in the world of finance.

Which one will be the bigger IPO?

OpenAI did not immediately respond to a request for comment.