OpenAI plans to go public as soon as September: Source

Summary

CNBC's Kate Rooney reports that OpenAI plans to confidentially file for an IPO as soon as Friday and go public by September 2025, ahead of rival Anthropic. Anthropic is also preparing for an IPO and is on track for $10.9 billion in Q1 revenue, its first profitable quarter. The report contrasts the two AI companies' financials and capital spending strategies.

• OpenAI preparing for confidential IPO filing as soon as Friday, targeting public listing by September 2025.
• Rival Anthropic also getting IPO-ready but timeline is more fluid.
• Anthropic on track to generate $10.9 billion revenue in Q1 2025, double its 2024 full-year sales.
• Anthropic expected to report its first profitable quarter.
• OpenAI has taken a more aggressive approach on data center buildout and computing, viewing it as a strategic advantage.
• SpaceX officially filed its S-1 and AI capex is 60% of total spending, $7.7 billion in Q1 alone.
• Comparison drawn to Uber vs Lyft competition where being first to market helps set benchmarks.
• SpaceX is primarily a rocket company with an AI component, making direct revenue comparisons difficult.