OpenAI executives have repeatedly signaled a 2027 IPO timeline, driving the 97% market-implied odds against a 2026 listing. CEO Sam Altman cited AI safety and alignment priorities as reasons to avoid a public debut this year, while CFO Sarah Friar and President Greg Brockman confirmed 2027 readiness after a confidential S-1 filing in June and a September window that passed without public registration. Recent enterprise revenue acceleration and a $1.25 trillion pre-money private round provide capital runway, reducing pressure for near-term flotation amid regulatory scrutiny and infrastructure commitments. A last-minute acceleration before December 31 remains possible only under an abrupt shift in market conditions or internal strategy, though current leadership guidance and filing status make such a scenario improbable.