Sam Altman just confirmed OpenAI staying private through 2025
No IPO this year. Means:
• $MSFT keeps their position locked
• No retail access to direct equity
• Valuation stays opaque (last round ~$157B)
• AI compute narrative stays concentrated in public proxies
For degens: Watch $NVDA, $MSFT, and AI agent tokens. OpenAI liquidity event would've been a catalyst for broader AI rotation. Now that's delayed.
Private longer = more time to build moat before public scrutiny hits financials.
No IPO this year. Means:
• $MSFT keeps their position locked
• No retail access to direct equity
• Valuation stays opaque (last round ~$157B)
• AI compute narrative stays concentrated in public proxies
For degens: Watch $NVDA, $MSFT, and AI agent tokens. OpenAI liquidity event would've been a catalyst for broader AI rotation. Now that's delayed.
Private longer = more time to build moat before public scrutiny hits financials.