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00:02OpenAI submitted a confidential draft S1 registration statement to the SEC on Monday,
00:07proactively announcing the filing because it expected the information to leak,
00:11according to a company statement. The company said it has not set a public offering timeline,
00:17noting it may remain private for some time due to operational advantages.
00:20The AI startup joins a wave of major tech companies pursuing IPOs.
00:24Rival AI firm Anthropic also submitted a confidential S1, with analysts projecting a
00:30potential trillion-dollar valuation, though no timeline has been set. SpaceX filed its own S1
00:35in May, seeking to raise approximately $75 billion at a valuation near $1.75 trillion,
00:41which would rank as the largest IPO in market history. The simultaneous IPO filings from three
00:48major tech companies mark a historic moment and a major test of investor demand for high-risk ventures.
00:53For all things money, visit Benzinga.com.
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