OpenAI Files Confidentially for IPO: The Trillion Dollar Test of Public Market Appetite for Frontier AI - May 22, 2026

From DX Today | No-Hype Podcast About AI & DX Rick Spair

OpenAI Files Confidentially for IPO: The Trillion Dollar Test of Public Market Appetite for Frontier AI - May 22, 2026 OpenAI confidentially files its S-1 with the SEC today, with Goldman Sachs, Morgan Stanley, and JPMorgan Chase underwriting a Q4 2026 listing targeting a valuation north of one trillion dollars. Chris and Laura unpack the revenue ramp, the cash burn profile, the Microsoft cap table, and what this moment signals for the future of public market accountability in frontier AI. ...