The Crazy Math Behind An OpenAI IPO
From The Desk Of Anthony Pomplianoยท2025-11-03 20:45
So, rumors are that OpenAI is considering an IPO in 2026 at a $1 trillion valuation. But I think that people are getting ahead of themselves with these rumors. And there's a lot to unpack in the story.First of all, OpenAI is reported to be doing $13 billion in revenue right now. That's a big number, but that ain't worth a trillion dollars. And the goal is to end this year on a $20 billion revenue run rate.That's good, but it would require the company to go public at a 50 times revenue multiple. And that fee ...