OpenAI eyes monster $1.4 trillion IPO in race to dominate AI market

Added: 2026-06-11

[00:00:00]Chat GPT owner, OpenAI, is preparing to list on the American stock market in a monster initial public offering that would value the tech company at roughly 1.4 trillion Aussie dollars. Overnight, OpenAI submitted a draft prospectus to the US Securities and Exchange Commission. Now, this was a week after its main competitor, Anthropic, which owns the chatbot Claude AI, submitted its own IPO paperwork.

[00:00:26]The move from OpenAI, it comes a few days before Elon Musk's SpaceX is set to hold its own initial public offering.

[00:00:33]SpaceX is expected to raise up to 122 billion Aussie dollars from investors, valuing the space and internet technology business at about 2 and 1/2 trillion.

[00:00:44]SpaceX expected to list on Friday, June 12, making its debut on the Nasdaq exchange under the ticker symbol SPC-X.

[00:00:51]The stock is priced at 135 US dollars per share.