OpenAI Delays IPO to 2027 as SpaceX Stock Falls 24% Post-Listing

According to The New York Times on June 26, OpenAI now plans to postpone its initial public offering to 2027, delayed from an original target of late 2026. Three people involved in internal discussions revealed the shift, citing weakened market conditions and reduced retail investor appetite.

SpaceX's recent stock decline served as a cautionary signal. The rocket company's shares fell to $153 on June 24 from a peak of $202 last week, a 24% drop that spooked OpenAI executives and their financial advisors. Broader tech sector volatility and investor skepticism about AI valuations added pressure, with advisors warning that retail participation in OpenAI's offering would likely remain muted.