{"id":73757,"date":"2026-06-09T01:05:51","date_gmt":"2026-06-09T01:05:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/openai-files-draft-s-1-at-852b-valuation-as-chatgpt-hits-900m-weekly-users-bitcoin-news\/"},"modified":"2026-06-09T01:05:51","modified_gmt":"2026-06-09T01:05:51","slug":"openai-files-draft-s-1-at-852b-valuation-as-chatgpt-hits-900m-weekly-users-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/openai-files-draft-s-1-at-852b-valuation-as-chatgpt-hits-900m-weekly-users-bitcoin-news\/","title":{"rendered":"OpenAI Files Draft S-1 at $852B Valuation as ChatGPT Hits 900M Weekly Users \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">OpenAI filed a confidential S-1 with the SEC on June 8, 2026, at an $852 billion post-money valuation with no confirmed IPO date.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The filing follows Anthropic\u2019s June 1 confidential S-1 and a May 2026 jury win clearing OpenAI\u2019s Public Benefit Corporation restructuring.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Goldman Sachs and Morgan Stanley are lined up as underwriters, with a September 2026 debut reported but not confirmed by OpenAI.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>OpenAI Confirms the Filing<\/h2>\n<p>The company <a href=\"https:\/\/x.com\/OpenAINewsroom\/status\/2064094175541461220?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">acknowledged<\/a> the submission in a statement that circulated widely across social media. \u201cWe recently submitted a confidential S-1,\u201d OpenAI said. \u201cWe expect it to leak, so we\u2019re just announcing it.\u201d The company added that the filing should not be read as a sign that a listing is near, stating it \u201chas not decided on timing yet\u201d and may stay private for some time while retaining the option to list sooner if conditions allow.<\/p>\n<p>The move came one week after Anthropic filed its own confidential S-1 on June 1, 2026, making the two dominant U.S. AI developers simultaneously moving toward public markets.<\/p>\n<h2>Path to This Point<\/h2>\n<p>OpenAI launched in 2015 as a nonprofit. It added a capped-profit subsidiary in 2019, then restructured again into a Public Benefit Corporation to support larger capital raises. That restructuring faced a legal challenge from co-founder Elon Musk, alleging mission drift. A jury <a href=\"https:\/\/news.bitcoin.com\/elon-musk-openai-lawsuit-dismissed-appeal-2026\/\">ruled<\/a> in OpenAI\u2019s favor in May 2026, clearing what had been one of the most prominent obstacles to a public offering.<\/p>\n<p>In March 2026, OpenAI closed a $122 billion funding round at an $852 billion post-money valuation. Participants included Softbank, Amazon, Nvidia, and Microsoft. Cumulative private funding now exceeds $170 billion.<\/p>\n<h2>Revenue and Burn Rate<\/h2>\n<p>OpenAI is generating roughly $2 billion per month in revenue, with approximately $13.1 billion in revenue reported for the prior year. ChatGPT claims more than 900 million weekly active users and around 50 million paying consumer subscribers.<\/p>\n<p>The company is not profitable. It continues to burn capital at a high rate due to compute infrastructure, data centers, and model training costs. Analysts project heavy losses continuing for the foreseeable future, with free-cash-flow breakeven potentially years away.<\/p>\n<h2>IPO Mechanics and Timeline<\/h2>\n<p>A confidential S-1 filing allows the SEC to review the draft privately. No public timeline is set once the confidential submission is made. The standard sequence runs: SEC review, public S-1 filing, roadshow, pricing, and listing. Goldman Sachs and Morgan Stanley are <a href=\"https:\/\/www.reuters.com\/technology\/openai-files-us-ipo-after-anthropic-ai-giants-head-public-markets-2026-06-08\/\" target=\"_blank\" rel=\"noopener noreferrer\">reported<\/a> as lead underwriters.<\/p>\n<p>Earlier reports had pointed to a possible September 2026 debut, but OpenAI\u2019s statement leaves that window open rather than confirmed.<\/p>\n<h2>Competitive Context<\/h2>\n<p>Anthropic, valued at roughly $965 billion in its most recent private round,<a href=\"https:\/\/news.bitcoin.com\/anthropic-files-confidential-s-1-with-sec-targets-ipo-at-965b-valuation\/\"> filed<\/a> its own confidential S-1 a week earlier. SpaceX filed earlier still, targeting a multi-trillion-dollar valuation. Together, these companies represent the <a href=\"https:\/\/news.bitcoin.com\/3-trillion-ai-ipo-wave-could-pull-capital-from-bitcoin-as-investors-chase-new-market-giants\/\">largest cluster<\/a> of high-value private companies testing public-market appetite simultaneously.<\/p>\n<p>OpenAI faces competition from Google\u2019s Gemini, Elon Musk\u2019s xAI, Meta, and a growing field of Chinese AI developers. Public investors will scrutinize margins, infrastructure costs, and the long-term economics of building and operating frontier AI models at scale.<\/p>\n<h2>OpenAI\u2019s \u2018Built to Benefit Everyone\u2019 Manifesto<\/h2>\n<p>Alongside the S-1 filing, OpenAI published a manifesto-style <a href=\"https:\/\/openai.com\/index\/built-to-benefit-everyone-our-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\">document<\/a> outlining its long-term vision, including a stated goal of giving every person on Earth access to a personal AGI system. The company also disclosed an internal target: by March 2028, it believes AI systems could be handling a significant portion of its own research workload alongside human researchers. OpenAI framed the IPO not as an end goal but as the start of what it called a third phase, one focused on making advanced AI affordable and accessible at scale rather than concentrating capability among a small number of institutions.<\/p>\n<h2>What Investors Should Watch<\/h2>\n<p>The public S-1, once filed, will disclose audited financials, detailed risk factors, and ownership structure. That document will be the first time investors can assess OpenAI\u2019s books with regulatory-grade transparency. Until then, the company remains on a confidential track with no committed listing date.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/openai-files-draft-s-1-at-852b-valuation-as-chatgpt-hits-900m-weekly-users\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways OpenAI filed a confidential S-1 with the SEC on June 8, 2026, at an $852 billion post-money valuation with no confirmed IPO date. The filing follows Anthropic\u2019s June 1 confidential S-1 and a May 2026 jury win clearing OpenAI\u2019s Public Benefit Corporation restructuring. Goldman Sachs and [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73757"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73757"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73758"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}