OpenAI IPO Collapse?

Quick Read

• OpenAI needs $280 billion through 2030 but generates just $40 billion annually, trailing profitable rival Anthropic as it races toward an IPO.

• Local ordinances have blocked over 500 data center projects, and 70% of Americans oppose them nearby, threatening to cap AI adoption industry-wide.

• A failed OpenAI IPO would devalue the entire AI sector, dragging down major public companies whose sky-high valuations are built on AI growth forecasts.

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IPOs tied directly to the AI industry are being delayed. SoftBank, one of the largest financiers of AI projects, is paying unexpected premiums on its debt. AI data centers are being delayed at a rate that threatens AI adoption across business, government, and personal levels. OpenAI faces questions about the viability of funding losses that could exist until the end of the decade.

SB Energy, owned by SoftBank and an AI infrastructure builder, has delayed its IPO, the New York Times reported. Holtec Nuclear, which makes small nuclear reactors, appears likely to delay its public offering. SoftBank is raising $10 billion but will need to pay junk-bond rates. Depending on duration, it must pay interest rates ranging from 8.75% to 9.875%, Bloomberg reported. Goldman Sachs issued a report that said AI debt funding has hit $575 billion so far in 2026.