OpenAI eyes $1T IPO valuation after filing

OpenAI confidentially filed its S-1 with the SEC in May 2026, targeting a debut valuation between $852 billion and $1 trillion with Goldman Sachs and Morgan Stanley leading the deal. The company, which restructured into a Public Benefit Corporation in October 2025, reported $2 billion in monthly revenue and 900 million weekly active ChatGPT users as of March 2026.