OpenAI Reportedly Could File For IPO This Week—Teeing Up Showdown With Musk’s SpaceX

$1 trillion. That's the approximate valuation that OpenAI is eyeing for its public debut, Reuters reported last October. SpaceX is targeting between $1.75 trillion and $2 trillion in its IPO valuation, which would shatter the previous record set by Saudi Aramco's $29 billion offering in 2019. OpenAI's last private valuation was $852 billion thanks to a $122 billion funding round in March.