OpenAI Targets September IPO After Musk Lawsuit Dismissal

OpenAI is moving forward with an initial public offering that could happen as soon as September, following the dismissal of Elon Musk's lawsuit that threatened the company's structure and finances. CEO Sam Altman reportedly aims for a September listing, with Goldman Sachs and Morgan Stanley serving as underwriters. The ChatGPT maker may file confidential IPO paperwork within days or weeks, according to the Wall Street Journal. The development positions OpenAI against SpaceX, which is also expected to file for its own IPO as early as Wednesday. SpaceX, now a major competitor after absorbing Musk's xAI, will face off against OpenAI in what observers see as a battle between Musk and Altman in the financial arena. OpenAI did not respond to a request for comment.