OpenAI's C-suite turnover gives investors another reason for concern as the company pushes toward a mammoth IPO.

OpenAI has lost a string of top executives and disbanded its AI safety "preparedness" team this year. Now, with an $852 billion valuation on the line, some employees are cashing out millions in pre-IPO shares.

But OpenAI also reportedly claimed to its investors that growth accelerated after the GPT-5.6 family of models launched publicly last month. Later that same month, OpenAI introduced price cuts for its Luna and Terra models, including a steep 80% cut for Terra.

OpenAI's tender offer has been in the works since the company closed its record-breaking $122 billion funding round in March.

WASHINGTON, DC - JUNE 3: CEO of OpenAI Sam Altman talks to reporters following a meeting with Senator Bernie Sanders at the Dirksen Senate Office building in Washington, DC on June 3, 2026. (Photo by Nathan Posner/Anadolu via Getty Images) OpenAI hired ...

OpenAI may be private, but it sits at the center of the AI build-out. The company has signed an extraordinary string of supply deals that underpin much of the industry's expected demand. It agreed to deploy 10 gigawatts of Nvidia systems, with Nvidia ...

Vantage Data Centers is exploring an IPO at roughly $100 billion valuation or a sale. The company is connected to OpenAI's $500B Stargate project and backed by Silver Lake.

A wave of top OpenAI executives — including Sam Altman's top deputy, a longtime chief operating officer and the chief revenue officer — has left in the span of a month as the company retools its leadership ahead of an expected IPO.