OpenAI files for IPO, following Anthropic

OpenAI 提交 IPO 申请，紧随 Anthropic 步伐

One of the most highly anticipated public offerings in history has moved one step closer to reality. 历史上最受期待的首次公开募股（IPO）之一，距离现实又近了一步。

OpenAI on Monday checked off a preliminary step in the IPO race that it and rival Anthropic have been competing in for the better part of a year: The company announced it has confidentially submitted a Form S-1 with the US Securities and Exchange Commission, following Anthropic’s decision to do the same on June 1st. 周一，OpenAI 完成了其与竞争对手 Anthropic 在过去一年中激烈角逐的 IPO 竞赛中的初步步骤：该公司宣布已向美国证券交易委员会（SEC）秘密提交了 S-1 表格，此前 Anthropic 已于 6 月 1 日采取了同样的行动。

The confidential filing means that certain details normally available through the form — such as executive compensation figures, potential risks to a company’s business, and more financials — aren’t yet public. 此次秘密提交意味着，通常通过该表格披露的某些细节——例如高管薪酬数据、公司业务的潜在风险以及更多财务信息——目前尚未公开。

As of Anthropic’s most recent fundraise, it’s being called the world’s most valuable startup, with a post-money valuation of $965 billion that surpassed OpenAI’s latest $852 billion post-money valuation. 根据 Anthropic 最近一轮融资的情况，它被称为全球最有价值的初创公司，其投后估值达到 9650 亿美元，超过了 OpenAI 最近 8520 亿美元的投后估值。

OpenAI has been preparing to go public for months, but reports have surfaced that certain executives, namely CFO Sarah Friar, haven’t been as gung-ho about the fast-tracked IPO as CEO Sam Altman, due to missed revenue targets and user growth numbers, and concerns that OpenAI won’t be able to pay for all its compute spending commitments. OpenAI 几个月来一直在为上市做准备，但有报道称，由于未能达到营收目标和用户增长预期，以及担心 OpenAI 无法支付其所有的计算支出承诺，包括首席财务官 Sarah Friar 在内的部分高管对这种快速上市的计划并不像首席执行官 Sam Altman 那样热衷。

The company had initially said it was planning to spend $1.4 trillion on compute infrastructure, which Altman seemed to become defensive about when publicly questioned on it. In February, though, OpenAI adjusted that figure, telling investors it plans to spend $600 billion on compute by 2030. 该公司最初曾表示计划在计算基础设施上投入 1.4 万亿美元，当被公开质疑时，Altman 似乎对此表现得颇为防御。不过，OpenAI 在 2 月份调整了这一数字，告知投资者计划到 2030 年在计算方面投入 6000 亿美元。

The news also comes weeks after the jury reached a verdict in the high-profile Musk v. Altman trial, and ahead of Musk-owned SpaceX’s planned June 12 IPO. SpaceX’s public debut is currently set to raise $80 billion and become the biggest IPO of all time. 此消息发布之际，距离备受瞩目的“马斯克诉奥特曼案”陪审团作出裁决仅过去数周，且正值马斯克旗下的 SpaceX 计划于 6 月 12 日进行 IPO 前夕。SpaceX 目前计划通过此次上市筹集 800 亿美元，有望成为史上规模最大的 IPO。

OpenAI’s own debut will be very publicly compared to that of SpaceX, especially since SpaceX acquired OpenAI competitor xAI and signed a deal with Anthropic, with Anthropic paying $15 billion a year to use SpaceX data centers. OpenAI 的上市表现势必会被拿来与 SpaceX 进行公开比较，尤其是考虑到 SpaceX 此前收购了 OpenAI 的竞争对手 xAI，并与 Anthropic 签署了协议，由 Anthropic 每年支付 150 亿美元使用 SpaceX 的数据中心。