OpenAI is leaning toward postponing its initial public offering until 2027, per a New York Times report on June 25 citing people involved in the company’s internal deliberations.

The shift represents a reversal from the late-2026 timeline OpenAI has signaled since January, with CEO Sam Altman rejecting any valuation below $1 trillion and CFO Sarah Friar pushing internally for the 2027 delay.

OpenAI’s $1T target becomes the sticking point

Advisers laid out two paths to OpenAI’s leadership: wait until 2027 and pursue the $1 trillion valuation the company has been targeting since January, OR accept a lower price tag for a faster late-2026 listing.

Altman rejected the second path, telling executives that any reduction from the $1 trillion…