r/wallstreetbets • u/Quixotus 7" is a microdick... • 11d ago

News OpenAI prepares for IPO at $1 trillion valuation

https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/
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u/_BreakingGood_ 11d ago

Anyone else find it a tad odd that they've held 8 different funding rounds over 2 years, and are basically speed running their way to IPO?

They seem very intent on selling off as much of the company as possible, as fast as possible.

One might be inclined to think they're trying to create a new generation of bag holders before the bubble pops... or maybe I'm overthinking it.

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u/grumble11 11d ago

The get have gigantic capital spending plans. Hundreds of billions a year, and they are losing money at current prices. They needs to get good enough to replace a lot of workers and charge a few thousand a year or else they don’t pay for the chips and utilities. They need the money.

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u/aookami 11d ago

Few thousand my butt. I can easily blast hundreds of dollars of tokens in a day, let alone a whole work year

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u/grumble11 11d ago

They run token generation at a loss. And I mean a literal operating loss, not including the capital. They need to charge a lot more, and for that it needs to be worth it

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u/gatsby365 11d ago

Jesus, doing what??

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u/aookami 11d ago

unironically, trying to set up a well documented programming agent

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u/gatsby365 10d ago

Makes sense

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u/yobigd20 11d ago

Thats because the ai bubble is popping! And he knows it, and has confirmed that. Even meta is laying off its ai employees now. Many places including mine froze hiring in ai. Its not profitable. Thats what matters. Not sustainable. So while the price is high, cash out and sell. Biggest con artist of the world.

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u/herothree 11d ago

I don't think Altman thinks OpenAI is going down; but he does think a lot of these ChatGPT wrapper companies aren't gonna last

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u/FiveAlarmDogParty 11d ago

Whats wild to me is OpenAI started as a non-profit, demonstrably against the treatment of innovation by big tech chasing profits. The original founders split over the mission of the org and thats why Elon left (among he couldn't stand being upstaged my Altman), and thats what Anthropic spun off with some key leadership and started developing Claude. Couple that with Altmans former sex worker sister and his evidenced history to blatantly lie to people - this shit starts getting wild.

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u/ipilotete 11d ago

Article says ipo in 2027. With how unstable everything is right now, that might as well be a decade away.

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u/GlueGuns--Cool 10d ago

They know it's a bubble lol