OpenAI stock & IPO, answered
Straight answers to what investors ask most about OpenAI, its valuation, and how to get exposure.
Is OpenAI publicly traded?
No. OpenAI is a private company. It filed a confidential draft S-1 with the SEC on June 8, 2026, an early step toward a possible IPO, but no shares trade publicly and no ticker has been assigned.
Can I buy OpenAI stock right now?
Not directly. Today the only exposure is indirect: public proxy stocks like Microsoft (MSFT) and Nvidia (NVDA), or, for accredited investors, pre-IPO shares on secondary marketplaces. See our How to Buy guide.
What is OpenAI's valuation?
OpenAI was valued at $852B post-money after its $122B round closed on March 31, 2026, the largest single private financing on record.
How much revenue does OpenAI generate?
OpenAI's annualized revenue run-rate reached roughly $25B in early 2026, up from about $20B at the end of 2025, driven by ChatGPT subscriptions, enterprise, and API usage.
When is the OpenAI IPO?
No date has been set. A confidential S-1 was filed June 8, 2026. Reports suggest the listing may slip to 2027 as CEO Sam Altman holds out for a valuation above $1 trillion. The public S-1 will be the next major milestone.
What ticker will OpenAI use?
Unknown. A ticker symbol is only assigned closer to pricing. We'll update the site the moment one is confirmed.
Who are OpenAI's biggest investors?
Microsoft is the largest backer, holding roughly a 27% stake. The $122B March 2026 round was co-led by SoftBank with a16z, D.E. Shaw Ventures, MGX, TPG, and T. Rowe Price, with strategic capital from Amazon and Nvidia.
Is OpenAI profitable?
No. OpenAI is not cash-flow positive and reported large losses against heavy compute spending. Projected burn runs into the tens of billions per year, and the company does not expect to turn cash-flow positive until around 2030.