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It’s shaping up to be a busy year for initial public offerings from some of the most closely watched companies. Rumors have been floating around for a while now that SpaceX, Elon Musk’s space company, and Anthropic, the artificial intelligence startup behind Claude, could make their market debuts in the summer and by the end of 2026, respectively. And now, a report says that OpenAIAnthropics main competitor, and the owner of ChatGPTcould go public before the end of the year, too. Heres what you need to know about OpenAIs rumored IPO plans. OpenAI may go public in 2026 A report from the Wall Street Journal yesterday has investors buzzing: ChatGPT owner OpenAI is reportedly considering an initial public offering before the year closes. According to the report, OpenAI is in informal talks with banks on Wall Street about a potential IPO. The artificial intelligence company is also reportedly staffing up in preparation for an IPO. The WSJ says OpenAI recently hired a new chief accounting officer and a new business finance officer, the latter of whom will oversee OpenAIs investor relations department. The report cited anonymous sources. Fast Company reached out to OpenAI for comment. Pressure and financial need may be driving OpenAIs 2026 IPO ambitions In the past, OpenAI CEO Sam Altman hasnt spoken enthusiastically about one day running a public company. As a private company currently, OpenAI doesnt have to answer to Wall Street or retail investors, giving it much more freedom in how it chooses to run its businesswhich is currently operating at a major loss. But as a public company, Altman and OpenAI would have to take investors desires and expectations for returns on investment into account. This would make Altman, who is currently answerable to very few, answerable to legions of shareholders. So why go public sooner rather than later? The Journals report says that there are two main factors driving OpenAIs exploration of a 2026 IPO. The first is Anthropic, one of OpenAIs biggest competitors. OpenAI executives have expressed concerns about Anthropic listing first, WSJ reports. There is massive pent-up demand from retail investors who want to get in on the latest spate of AI companies. If Anthropic were to go public first, it could potentially dampen demand for OpenAI shares. The second factor driving OpenAI to explore a potential 2026 IPO reportedly has to do with the companys finances. Current investors are concerned about the companys cash flow as it continues to spend billions training its models and building out its AI infrastructure. Despite ChatGPTs popularity and cultural cache, loss-making OpenAI is burning through piles of cash. Most analysts dont expect OpenAI to turn a profit until at least 2030. By going public, OpenAI would receive a massive injection of cash from its share sale. This could help alleviate current investor concerns over how the company can come up with the hundreds of billions of dollars it needs to keep expanding in the years before it starts to turn a profit. When is OpenAIs IPO date? As of now, OpenAI has not announced an initial public offering. There are only reports that the company will do so by the end of this year. Whether that 2026 timeframe actually comes to pass remains to be seen. How much will OpenAI shares cost? Until OpenAI announces its IPO and how many shares it will offer, it is impossible to know what its IPO share price will be. How much is OpenAI worth? As a private company, its impossible to put an exact figure on OpenAIs value. But most analysts currently value the company at around $500 billion, based on the amount of investment it has received so far. However, the Journal notes that OpenAI is currently in the middle of seeking additional fundraising, perhaps up to $100 billion more. If it achieves this, OpenAI could be valued at around $830 billion.
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E-Commerce
The European economy recorded modest growth at the end of last year, pushing past turmoil over higher U.S. tariffs. Now the economy faces another hurdle: a stronger euro against the dollar that could weigh on exports. Growth in the 21 countries that use the shared euro currency came in at 0.3% for the last three months of 2025, matching the figure from the third quarter, the EU statistics agency Eurostat reported Friday. Growth compared with the fourth quarter of 2024 was 1.3%. Moderate growth has defied recession fears from earlier in the year, when U.S. President Donald Trump threatened to raise tariffs to levels that could have devastated trade. Talks settled on a 15% cap on U.S. tariffs, or import taxes, on goods from the European Union. The higher tax isnt great for business but the certainty resulting from the deal let companies at least go ahead and plan. That assurance was dented after the quarter ended when Trump on Jan. 17 threatened EU member countries with higher tariffs for supporting Greenland against his calls for a U.S. takeover. Trump later withdrew the threat. European services businesses a broad category ranging from hairdressers to medical treatment have shown moderate growth according to the S&P Global survey of purchasing managers. Exports have tanked and the industry continues to lag but showed improvement toward the end of 2025. Lower inflation of 1.9% in December after a painful spike in 2022-2023 and rising wages have left consumers with more purchasing power and willingness to spend. The latest threat is the dollars steep fall against the euro. It is at its weakest for 4 1/2 years, which makes European exports less competitive on price in a key foreign market. The dollar has weakened due to fears that Trumps tariffs will slow growth and that his attacks on U.S. Federal Reserve Chair Jerome Powell will undermine the U.S. central banks role as an inflation fighter and protector of the dollars worth. The euro has risen 14.4% against the dollar in the past 12 months and traded at $1.19 on Friday. Analysts are saying that if the dollars weakness against the euro continues, the European Central Bank may cut interest rates later this year to stimulate growth. The ECB holds a rate-setting meeting on Thursday but is not expected to change rates then. Germany showed improved growth at 0.3% in the quarter, its best quarterly performance in three years, but still faces serious short- and long-term headwinds. The eurozones largest economy is still waiting for infrastructure and defense spending set in motion by Chancellor Friedrich Merz to show its effects through increased growth. Germany grew 0.2% last year, its first year of growth after two years of declining output. The government on Wednesday cut its growth outlook for this year to 1% from 1.3% previously. Germany has struggled with a raft of troubles: higher energy prices after the loss of Russian natural gas due to the war against Ukraine, a shortage of skilled labor, increasing Chinese competition in key export sectors such as autos and industrial machinery, years of underinvestment in growth-promoting infrastructure, and too much red tape. Growth for the broader 27-country European Union also came in at 0.3% for the fourth quarter of 2025 and 1.4% compared with the year-earlier quarter. Not all EU members have moved to join the euro, which gained its 21st member in January when Bulgaria joined. David McHugh, AP business writer
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E-Commerce
President Donald Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a move that could further cripple an island plagued by a deepening energy crisis. The order would primarily put pressure on Mexico, a government that has acted as an oil lifeline for Cuba and has constantly voiced solidarity for the U.S. adversary even as Mexican President Claudia Sheinbaum has sought to build a strong relationship with Trump. Trump was asked by a reporter Thursday whether he was trying to choke off Cuba, which he called a failing nation. The word choke off is awfully tough, Trump said. Im not trying to, but, it looks like its something thats just not going to be able to survive.” Cuban Foreign Minister Bruno Rodríguez and a number of other Cuban officials condemned Trumps executive order. Rodríguez called it a brutal act of aggression against Cuba and its people who are now threatened with being subjected to extreme living conditions. He accused the U.S. of resorting to blackmail and coercion to try to force other countries to join its universally condemned blockade policy against Cuba. Cuba relies on allies for energy This week has been marked by speculation that Mexico would slash oil shipments to Cuba under mounting pressure by Trump to distance itself from the Cuban government. In its deepening energy and economic crisis, fueled in part by strict economic sanctions by the U.S., Cuba has relied heavily on foreign assistance and oil shipments from allies like Mexico, Russia and Venezuela before a U.S. military operation ousted former Venezuelan President Nicolás Maduro. Since the Venezuela operation, Trump has said no more Venezuelan oil will go to Cuba and the Cuban government is ready to fall. In its most recent report, Mexico’s state-owned oil company Pemex said it shipped nearly 20,000 barrels of oil per day to Cuba from January through Sept. 30, 2025. That month, U.S. Secretary of State Marco Rubio visited Mexico City. Afterward, Jorge Pion, an expert at the University of Texas Energy Institute who tracks shipments using satellite technology, said the figure had fallen to about 7,000 barrels. Uncertainty simmers in Mexico Sheinbaum has been incredibly vague about where her country stood, and this week has given roundabout and ambiguous answers to inquiries about the shipments, and dodged reporters questions in her morning press briefings. On Tuesday, Sheinbaum said Pemex had at least temporarily paused some oil shipments to Cuba. But she struck an ambiguous tone, saying the pause was part of general fluctuations in oil supplies and a sovereign decision not made under pressure from the U.S. Sheinbaum has said Mexico would continue to show solidarity with Havana, but didnt clarify what kind of support Mexico would offer. On Wednesday, the Latin American leader claimed she never said Mexico has completely suspended shipments and humanitarian aid” to Cuba would continue and decisions about shipments to Cuba were determined by Pemex contracts. So the contract determines when shipments are sent and when they are not sent, Sheinbaum said. Trump and Sheinbaum spoke by phone Thursday morning. Sheinbaum said they did not discuss Cuba. We didnt address the issue of Cuba, Sheinbaum said, adding that Mexicos foreign affairs secretary had discussed with U.S. Secretary of State Marco Rubio that it was very important for Mexico to maintain its humanitarian aid to Cuba and Mexico was willing to serve as an intermediary between the U.S. and Cuba. Under threat of tariff coercion The lack of clarity from the leader has underscored the extreme pressure Mexico and other Latin American nations are under as Trump has grown more confrontational following the Venezuelan operation. It remains unclear what the Thursday order by Trump will mean for Cuba, which has been roiled by crisis for years and a U.S. embargo. Anxieties were already simmering on the Caribbean island as many drivers sat in long lines this week for gasoline, many unsure of what would come next. On Cuban state television, commentator Jorge Legaoa, who usually expresses views aligned with the government, asserted Cuba was not a threat, but rather that the islands authorities were fighting gangs and preventing regional drug trafficking with their zero-tolerance policy. Cuban Deputy Minister of Foreign Affairs Carlos F. de Cossio wrote on social media platform X that the U.S. is tightening its Cuban blockade after the failure of decades of relentless economic warfare and attempting to force sovereign states to join the embargo. Under threat of tariff coercion, they must decide whether to forgo their right to export their own fuel to Cuba, he wrote. Michelle L. Price and Megan Janetsky, Associated Press Andrea Rodríguez and Dánica Coto contributed to this report.
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E-Commerce
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