Enterprise Software · Data Intelligence
OpenAI
San Francisco, USA · Tender Offer 3
Latest valuation (Oct 2025 employee/secondary share sale)
$300.0B → $500.0B · Mar 2025–Oct 2025
Probability modeled from funding stage, momentum & liquidity signals.
Valuation Trajectory
Funding-round staircase from founding · log scale. Filled dots are verified marks; hollow dots are the modeled round ladder between them.
IPO Model Drivers
Why the odds read this way
Factor weights are illustrative decompositions of the modeled IPO probability, not guarantees.
Down-Round Risk
Valuation downside pressure
Strong momentum (valuation up 67%) and a late financing stage make a down round unlikely near-term.
Asset brief
OpenAI is an Enterprise Software · Data Intelligence company last marked at $500B (cross-verified by 3 independent sources). Stage: Tender Offer 3. Valuation momentum is +66.7% ($300B → $500B). The transparent model puts IPO odds at 40% over the next 24 months. 8 verified events in the last 30 days — most recently: "SoftBank, OpenAI launch Japan cyber service for 3,000 firms - Tech in Asia".
OpenAI is an American artificial intelligence research organization that aims to develop safe and beneficial artificial general intelligence (AGI). It is widely recognized for its development of the GPT family of large language models, the DALL-E series of text-to-image models, and the Sora text-to-video model.
Capital Timeline
Funding & liquidity milestones
Tender Offer 3
$500B
Backed by
Comparables
Signals
- LaunchTech in Asia
SoftBank, OpenAI launch Japan cyber service for 3,000 firms - Tech in Asia
- NewsThe Free Press
Why Apple Declared War on OpenAI - The Free Press
- LegalCrypto Briefing
OpenAI seeks dismissal of xAI lawsuit, demands $1M in legal fees - Crypto Briefing
- NewsBloomberg.com
OpenAI’s Feud With xAI Carries On as Apple Secrets Fight Revs Up - Bloomberg.com
- LegalAOL.com
Jim Cramer Calls Apple’s OpenAI Lawsuit “Heavyweight.” Tim Cook Must Believe OpenAI Was Stealing - AOL.com
- Legal24/7 Wall St.
Jim Cramer Calls Apple’s OpenAI Lawsuit “Heavyweight.” Tim Cook Must Believe OpenAI Was Stealing - 24/7 Wall St.
- LegalYahoo Finance
Jim Cramer Calls Apple’s OpenAI Lawsuit “Heavyweight.” Tim Cook Must Believe OpenAI Was Stealing - Yahoo Finance
- News9to5Mac
OpenAI could force Apple into an awkward fight with Jony Ive - 9to5Mac