OpenAI Eyes a Possible $1 Trillion IPO by 2027 While Burning Billions: Legitimate AI Bet or a Bubble Waiting to Pop?
OpenAI, last valued at roughly 852 billion dollars in a March 2026 funding round, is reportedly preparing for an IPO that could target a valuation of up to 1 trillion dollars and raise 60 billion dollars or more, possibly in late 2026 or 2027. The company's 2025 revenue grew 233 percent to about 20 billion dollars, but it lost roughly 1.22 dollars for every dollar of revenue, and 2026 losses are projected around 14 billion dollars, with cumulative losses potentially reaching 115 billion dollars by 2029 before profitability arrives sometime in the 2030s. OpenAI also missed its own 2026 revenue target of 30 billion dollars, and faces intensifying competition from Google's Gemini, which has reportedly reached about 900 million users, as well as Anthropic and others. Supporters see a category-defining company investing aggressively in a genuine technological shift; skeptics point to governance turmoil, heavy dependence on Microsoft, talent departures, and a widening gap between hype and financial fundamentals.
