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00:02OpenAI is preparing to confidentially file a draft IPO prospectus as soon as Friday,
00:09working with Goldman Sachs and Morgan Stanley, according to CNBC. The company is valued at
00:15more than $850 billion by private investors and has targeted a public debut as soon as
00:22the fourth quarter of this year. OpenAI CFO Sarah Fryer has described operating like a
00:28public company as good hygiene, but declined to give a specific timeline.
00:34The filing comes as Elon Musk's SpaceX, which merged with XAI, prepares to publicly disclose
00:40its own IPO prospectus. SpaceX was most recently valued at $1.25 trillion in February. OpenAI has
00:48raised more than $180 billion from investors. Rival Anthropic is in talks to raise money at a
00:54$900 billion valuation and reported $30 billion in annualized revenue in April.
01:00For all things money, visit Benzinga.com.
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