OpenAI Delays IPO to 2027, Insists on $1 Trillion Valuation

According to The New York Times, OpenAI is considering delaying its IPO to 2027, with the company insisting on a $1 trillion valuation rather than accepting a lower price for an earlier listing today (June 25). CEO Sam Altman has made clear that reducing the $1 trillion valuation "is not an option." The company has already submitted IPO application documents to U.S. regulators in secret, and financial chief Sarah Friar previously indicated the 2027 timeline.

Meanwhile, according to Reuters, the Trump administration has requested that OpenAI adopt a phased rollout approach for its new GPT-5.6 model on national security grounds. The Information reports that Altman told staff the latest model will first be made available to select partners for limited preview, with government approval required on a customer-by-customer basis during testing. The phased release plan was requested by the White House's Office of the National Cyber Director and Office of Science and Technology Policy.