OpenAI Eyes September IPO After Musk Lawsuit Fails

OpenAI is moving forward with an initial public offering, with CEO Sam Altman hoping the company will go public by September. The ChatGPT maker is working with Goldman Sachs and Morgan Stanley and may file IPO paperwork confidentially with regulators within days or weeks. The news comes one day after Elon Musk lost his lawsuit against OpenAI and as SpaceX prepares its own IPO filings. The rival offerings set up a high-stakes financial showdown between Musk and Altman, whose companies are now direct competitors in the AI space.