Artificial intelligence firm OpenAI is preparing a confidential S-1 draft to file for an initial public offering (IPO) as early as this Friday, following a decisive legal victory in a California court.
The ChatGPT creator is collaborating with financial institutions Goldman Sachs and Morgan Stanley to manage the public listing process.
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Legal Victory Clears Path
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jury unanimously rejected claims filed by Elon Musk on May 18, 2026, ruling that the lawsuit exceeded California's statute of limitations after less than two hours of deliberation.
The legal victory dismisses allegations that OpenAI abandoned its founding nonprofit mission, eliminating a major regulatory roadblock that market analysts feared could complicate the company's transition to public markets.
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Media coverage highlighted the significance of the court ruling for the artificial intelligence sector.
Reuters noted that the decision "removes obstacle to IPO," while the WSJ echoed the same sentiment.
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Financial Milestones
Prior to the legal resolution, OpenAI secured an $852 billion post-money valuation after closing a $122 billion funding round in March 2026.
Monthly enterprise revenues now exceed $2 billion, reflecting strong demand for its AI products.
Financial experts project the upcoming IPO could target a historic valuation of $1 trillion or higher, potentially shifting $100 billion to $240 billion in institutional capital toward artificial intelligence equities this year.
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The accelerated IPO plans gained momentum after the courtroom victory, providing a transparent trajectory for the company's financial roadmap.
