OpenAI's $1 Trillion IPO: Confidential Filing & Leak Expectation

OpenAI has confidentially filed IPO papers, with the company stating it expects the information to leak. This sets the stage for a potential large tech company float later in the year. Here's the thing: OpenAI's statement says, "We expect it to leak so we’re just announcing it." They also mentioned they haven't decided on timing, as remaining private for a while might be easier. What's interesting is the valuation is expected to exceed $1 trillion, up from a recent valuation of $852 billion. This would make it the third expected $1 trillion-plus IPO this year, alongside SpaceX and Anthropic. The bottom line is investors are being asked to consider three massively valued, unprofitable businesses.