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OpenAI Delays IPO to 2026, Cites SpaceX Volatility

7/3/2026

30 6 Full Breakdown

Summary

Story summary

OpenAI is reportedly delaying its IPO until next year.
Advisors cite SpaceX’s volatile IPO—opened at $150, peaked at $225, then fell to $169—as the reason.
OpenAI logged a $21 billion operating loss, spent $34 billion, earned $13 billion in 2025 revenue and seeks a $1 trillion valuation.
Analysts advise waiting a year to buy OpenAI or SpaceX shares, noting $10 billion-plus firms gained 26.5% first week but only 3.5% after a year.

History

Historical Context

In November 1997 eToys launched; on January 4 1999 it priced its IPO at $20, closing the first day at $76. The surge echoed the dot-com boom that lifted firms like Pets.com before the bubble burst, and eToys filed for bankruptcy on April 1 2001. Investors now cite that crash to curb overvaluation in new tech listings.

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Story summary

OpenAI is reportedly delaying its IPO until next year.
Advisors cite SpaceX’s volatile IPO—opened at $150, peaked at $225, then fell to $169—as the reason.
OpenAI logged a $21 billion operating loss, spent $34 billion, earned $13 billion in 2025 revenue and seeks a $1 trillion valuation.
Analysts advise waiting a year to buy OpenAI or SpaceX shares, noting $10 billion-plus firms gained 26.5% first week but only 3.5% after a year.

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