OpenAI aims to go public in 2027 with a projected valuation of 1 trillion dollars, potentially becoming the largest IPO in history.

According to a report by Reuters citing informed sources, OpenAI plans to go public in 2027 with a valuation of $1 trillion, opening a new chapter in the global AI capital landscape, but also exposing significant cash burn and governance challenges. (Background: Completing the “profitability restructuring,” OpenAI paves the way for its IPO, is the peak of AI about to arrive?) (Additional background: AMD allows OpenAI to “acquire a 10% stake” with stock prices soaring 24%, fully declaring war on Nvidia Cuda?) According to the latest report from Reuters, OpenAI is expected to submit its application as early as the second half of 2026, planning to go public in 2027. The minimum fundraising amount is set at $60 billion, with a valuation expected to reach $1 trillion. If realized, it will become a benchmark for global AI investment enthusiasm. In a company-wide meeting this Tuesday, OpenAI CEO Sam Altman also indicated that a public offering is a possible option in the future. He mentioned in a live broadcast that “considering our capital needs,” an IPO is a possibility. OpenAI anticipates that it will consume $115 billion by 2029, while this year's revenue is projected to be only $13 billion, indicating a massive funding gap. Revenue can't keep up with cash burn, and the capital market becomes the last fortress. OpenAI CEO Sam Altman recently admitted in a live broadcast that the estimated revenue for the entire year of 2025 is $13 billion, but total expenditures could reach $1.15 trillion by 2029, driven by the cash demands of AI model training, data centers, and talent costs. Currently, the capital market still holds a strong appetite for “generative AI.” Microsoft owns about 27% of OpenAI, and once listed, the potential on-paper gains could be significant, also testing whether the AI boom can continue. Computing power layout leads to astronomical transaction history. OpenAI's technology blueprint shows that by 2026, it aims to give birth to “automated research interns,” and by 2028, to create “automated researchers” capable of achieving significant breakthroughs. To reach these goals, the company plans to deploy 30 GW of computing power, with TCO expected to reach $1.4 trillion, and in the future, it even aims to reduce the cost of added computing power to “1 GW per week.” To ensure GPU supply, OpenAI collaborates with AMD on a scale of 6 GW and has signed multi-billion dollar computing contracts with Nvidia and Oracle, indicating that computing power remains at the core of the next round of competition. Complex governance structure paves the way for listing. Founded in 2015, OpenAI was a non-profit organization. However, it has now transitioned to a for-profit public benefit corporation controlled by a non-profit foundation, aiming to balance technology development with business interests. The latest restructuring converts early investments into common stock and eliminates return caps, removing regulatory hooks that hinder the IPO. However, the board's mission prioritizes “AI safety,” which creates tension with the traditional public company's goal of “maximizing shareholder value,” leading to potential increased scrutiny in regulatory reviews and investor relations in the future. AI barometer: Glory and concerns coexist. If OpenAI successfully goes public in the future, it will directly impact the valuation and fundraising thresholds for subsequent AI startups; however, bubble concerns are gradually surfacing. OpenAI's current cash burn rate far exceeds its revenue, while there are external concerns that chip supply and electricity might become bottlenecks. If AI demand does not meet expectations, massive infrastructure investments could remain idle. However, whether OpenAI's IPO can be realized on schedule is not only related to the fate of one company but will also test the overall industry's willingness to bet on “general artificial intelligence.” Related reports: OpenAI's native browser “ChatGPT Atlas” has three major features at a glance; can AI agents shake Chrome's dominance? Musk xAI enters the U.S. government! Federal agencies will integrate Grok, costing $0.42 per year, half of OpenAI's asking price. OpenAI completes a $6.6 billion private sale of equity, valuation skyrockets to $500 billion! Facing off with Musk xAI, article titled “OpenAI aims for a 2027 IPO with a valuation potentially reaching $1 trillion, expected to be the largest IPO in history.” This article was first published in BlockTempo, the most influential blockchain news media.