Microsoft (MSFT)-Backed OpenAI May Wait Until 2027 for IPO
Key takeaways
- Open AI had tapped bankers and lawyers for an IPO previously intended for as soon as the third or fourth quarter of 2026.
- Also on June 26, Microsoft announced that, effective August 1, Xbox console prices worldwide will increase by $100 for 512 GB models and $150 for 1 TB models.
- On June 25, PitchBook announced a new federated Copilot connector with Microsoft, bringing private capital market data into Microsoft 365 Copilot, including Copilot in Excel, Copilot Chat, and Researcher.
Microsoft (MSFT)-Backed Open AI May Wait Until 2027 for IPO Jeff Lewis Sun, June 28, 2026 at 2:32 AM GMT+7 2 min read MSFT Microsoft Corporation (NASDAQ:MSFT) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years.
On June 26, 2026, Microsoft Corporation (NASDAQ:MSFT)-backed Open AI is leaning toward waiting until next year for its public listing, the New York Times' Rob Copeland and Mike Isaac reported, citing three people involved in the company's deliberations. Open AI had tapped bankers and lawyers for an IPO previously intended for as soon as the third or fourth quarter of 2026. CEO Sam Altman had pushed advisers to find a path to a $1T valuation, according to the report.
Also on June 26, Microsoft announced that, effective August 1, Xbox console prices worldwide will increase by $100 for 512 GB models and $150 for 1 TB models. Microsoft will also sunset its 2 TB model. The company said console storage and memory prices have increased by more than 2.5x and that it expects another doubling by the fall of 2027. Microsoft said the "current components crisis" is particularly difficult for consoles, since they are typically sold for less than their manufacturing cost.