OpenAI filed a confidential S-1 registration statement with the SEC on May 22, 2026, marking the formal start of its path toward going public, with Goldman Sachs and Morgan Stanley leading the deal. The company reported roughly two billion dollars in revenue per month but remains unprofitable. Investor estimates suggest a potential valuation range of $852 billion to over $1 trillion, with reports indicating the public debut could be delayed until 2027.
