Cryptocurrency punters raised odds that OpenAI could debut with a market valuation above $1.5 trillion, following the AI giant’s confidential IPO filing.
OpenAI To Be Next Trillion-Dollar Giant?
Polygon (CRYPTO: POL)-based Polymarket assigned a 48% possibility that the Sam Altman-founded firm will close above $1.5 trillion on day one of trading. That’s up from 42% yesterday and 31% a week ago.
For context, only about ten companies in the world are valued at more than $1.5 trillion, including the “Mag 7” giants.
The probability of OpenAI reaching a valuation between $1.25 trillion and $1.5 trillion now stands at 14%, up 9 percentage points from the previous day. Over $1.7 million has been wagered on the bet.
OpenAI is currently valued at $852 billion, having raised $122 billion from companies such as Nvidia Corp. (NASDAQ:NVDA), SoftBank, and Microsoft Corp. (NASDAQ:MSFT) in a funding round in March.
The IPO Tsunami Is Here
The spike in odds follows the San Francisco-headquartered firm’s announcement that it has submitted a confidential draft registration statement on Form S-1, an SEC filing used by companies planning to go public.
OpenAI said the firm has not decided on the timing, and the official market debut may still take “a while.”
OpenAI’s filing came days after rival AI company Anthropic confidentially submitted its own draft S-1 for a proposed IPO, with analysts suggesting the company has a credible path toward a trillion-dollar valuation.
Notably, SpaceX, the space exploration company led by Elon Musk, is set to go public on Friday, with an anticipated valuation of $1.75 trillion.
Photo: Samuel Boivin / Shutterstock
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