"Whenever OpenAI pursues an IPO, interest from major tech players already appears strong. Microsoft's 27% ownership stake would give a significant boost to the company. Nvidia CEO Jensen Huang has also signaled confidence that an IPO is coming soon, saying in April that he would not be surprised if OpenAI went public next year and describing it as potentially "one of the most successful public offerings in history.""
A jury determined Elon Musk did not file his lawsuit against OpenAI within the statute of limitations, and the judge agreed quickly, making the decision final. The lawsuit alleged OpenAI “stole a charity” when it converted into a for-profit company. The outcome removes a major obstacle for OpenAI’s path toward becoming publicly traded. OpenAI has been preparing for a public offering that could rank among the largest in Wall Street history. The company is valued at about $500 billion after a $6.6 billion secondary share sale. Interest from major tech firms is expected to be strong, including Microsoft’s 27% stake and Nvidia leadership confidence about a potential IPO timeline. SpaceX is also expected to launch an IPO soon, with xAI acquisition positioning it as a rival in AI.
Read at Fast Company
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