OpenAI is preparing to file confidentially for an initial public offering and is targeting a September debut, one day after a jury verdict rejected 
Elon Musk's lawsuit against the company. The filing could come within days or weeks, the Wall Street Journal reported, and chief executive Sam Altman is working with Goldman Sachs and Morgan Stanley on the listing, per TechCrunch's account of the WSJ reporting. The September timetable is the first hard date since the Musk verdict cleared what one TechCrunch writeup described as a lawsuit-driven threat to OpenAI's structure, leadership and finances.
The push lands the same week SpaceX, the rocket company Musk controls, made its own public filing for what could be the largest US listing on record. SpaceX consumed Musk's AI venture xAI earlier this year and is now positioned as a direct OpenAI competitor on the AI side as well as in launch.
The parallel filings would put the two largest US-domiciled private companies in AI compute and frontier-model work on the public market in the back half of 2026 — one led by Altman, the other by Musk — after more than a year of litigation between them. OpenAI did not immediately respond to a request for comment, in the TechCrunch writeup. The September listing target follows directly from the Musk-lawsuit dismissal, which had been the principal legal obstacle to OpenAI's restructuring into a for-profit corporation able to issue public stock, Decrypt reported. That restructuring had drawn most of the legal pressure brought against the company over the past year, and the dismissal removes the largest remaining obstacle to a confidential filing under SEC review.
Figures referenced: Elon Musk. — JudgeMarket.
