Bloomberg reported, citing the New York Times, that OpenAI is leaning toward postponing its initial public offering until 2027, with three people involved in the company's deliberations indicating that bankers advising the ChatGPT maker have cautioned recent tech-stock volatility — including the post-IPO slide in SpaceX shares following its record debut — could dampen retail investor appetite for OpenAI's listing.

CEO Sam Altman has pushed advisers, including bankers and lawyers, to target a $1 trillion valuation, according to the Times. OpenAI is working with Goldman Sachs Group and Morgan Stanley on a potential listing that could come as soon as the fall, Bloomberg News has previously reported.

The company filed confidentially for an IPO with the US Securities and Exchange Commission on June 9, stating at the time that it had "not decided on timing yet" and that "there are things we want to do that are likely easier as a private company," while keeping the option to go public sooner if conditions prove favorable.

OpenAI and rival Anthropic have been racing toward Wall Street debuts to attract public market capital and support their heavy spending on AI chips and data centers. Anthropic, once considered an underdog, has seen revenue surge this year on the strength of its AI coding and debugging tools and filed confidentially to go public shortly before OpenAI. OpenAI raised $122 billion in a funding round earlier this year, valuing the company at $852 billion including the capital raised.