But your pension fund will pay if it does

https://pivot-to-ai.com/2026/05/08/openai-may-not-be-able-to-ipo-in-2026/ - blog post

• Patreon: https://www.patreon.com/davidgerard
• Ko-Fi: https://ko-fi.com/A1529D5
• Buy us useful things: https://www.amazon.co.uk/hz/wishlist/ls/3Q8VZW46J6DM6
• Get an extremely cool Pivot to AI shirt or mug: https://pivot-to-ai.redbubble.com

Send in your story tips: [email protected]

Sources:

• OpenAI Misses Key Revenue, User Targets in High-Stakes Sprint Toward IPO https://www.wsj.com/tech/ai/openai-misses-key-revenue-user-targets-in-high-stakes-sprint-toward-ipo-94a95273
• OpenAI Wants to Go Public. First Sarah Friar Needs to Get It to Grow Up https://www.wsj.com/business/openai-sam-altman-ipo-sarah-friar-392c582b
• OpenAI: The IPO That Cannot Afford to Wait (PDF) https://pitchbook.brightspotcdn.com/ca/14/061592ef4dc29560d4a762c47eea/q2-2026-pitchbook-analyst-note-openai-the-ipo-that-cannot-afford-to-wait.pdf
• Exclusive: OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
• SpaceX Financials Are Leaking Out. What Surprised Us https://www.barrons.com/articles/spacex-financials-what-surprised-us-45f50ba6
• New Nasdaq rules offer SpaceX free liquidity https://www.ft.com/content/ed08478f-89a3-405e-ab03-464f0959d0a0

Previously on Pivot to AI:

• SoftBank needs OpenAI to stay alive — no matter what https://pivot-to-ai.com/2025/08/27/softbank-needs-openai-to-stay-alive-no-matter-what/
• video: https://www.youtube.com/watch?v=zTYxEVRiCvM&list=UU9rJrMVgcXTfa8xuMnbhAEA
• OpenAI IPO proceeds — even as CFO says the company is 'not ready' https://pivot-to-ai.com/2026/04/08/openai-ipo-proceeds-even-as-cfo-says-the-company-is-not-ready/
• video: https://pivot-to-ai.com/2026/04/08/openai-ipo-proceeds-even-as-cfo-says-the-company-is-not-ready/

Full Pivot to AI playlist: https://www.youtube.com/playlist?list=UU9rJrMVgcXTfa8xuMnbhAEA