BREAKING
OpenAI S-1 Reveals $665B Commitments
0
B
Infra + burn 26-30
0
B
Mar 2026 raise
0
B
Monthly revenue
Stargate Project Scales Up
1
Jan 2025: $500B plan
↓
2
Sep 2025: ~7GW reached
↓
3
Abilene: 450K GB200 GPUs
Commitment Target Reset
Initial target
1400
Reset (Feb 26)
600
S-1 figure
665
Bold Bet or Risky Burn
The Case For
Bullish
●
Infra edge vs Anthropic, Google, xAI
●
Up to ~$1 trillion valuation
The Concerns
Bearish
●
Off-balance-sheet obligations
●
Slow monetization, ~33% margin
IPO Possible Q4 2026 or Later
AI NEWS BLITZ
OpenAI's confidential IPO filing is set to expose massive AI infrastructure commitments.