According to three sources cited by The New York Times, OpenAI is inclined to postpone its IPO until next year. OpenAI originally planned to conduct an IPO as early as the third or fourth quarter of this year, and CEO Altman had urged financial advisors to raise the company's valuation to $1 trillion. The stock price of SpaceX, a subsidiary of Elon Musk, has recently declined, closing at $153 on Thursday after hitting a high of $202 last week. Global market volatility and tech stock declines have led investors to question the promises of artificial intelligence companies, with OpenAI advisors warning retail investors may not have much enthusiasm for the company's stock.
