OpenAI executives have signaled readiness for a 2027 IPO, with president Greg Brockman stating the company will likely be prepared next year following strong third-quarter momentum. Annualized revenue rose 70 percent quarter-over-quarter while enterprise sales doubled, now accounting for the majority of revenue as OpenAI pushes agentic tools like Codex to compete directly with Anthropic. The firm is raising fresh capital at a $1.25 trillion valuation after a confidential S-1 filing in June, though CEO Sam Altman has emphasized AI safety priorities over an accelerated timeline. Rival Anthropic’s expected late-2026 listing and ongoing data-center investments add competitive and regulatory context, with post-midterm political shifts unlikely to alter plans.