Gate News message, April 22 — OpenAI has reached an implied $1 trillion pre-IPO valuation, according to on-chain pre-IPO instruments trading on Jupiter backed by SPV exposure. The valuation has surged 163% since October 2025, when speculation about a potential $1 trillion-plus IPO first emerged.
SpaceX is reportedly targeting a valuation exceeding $1.7 trillion, while Anthropic is approaching the same $1 trillion milestone. These three companies are now in a high-stakes race to become the next major public listing.
OpenAI’s path to this valuation reflects the escalating costs of generative AI. A single ChatGPT exchange can cost $0.01 to $0.10, while high-definition image generation ranges from $0.10 to $0.20. With billions of daily requests in 2026, the computational demands are staggering. GPUs—primarily supplied by Nvidia—cost tens of thousands of dollars each, and cloud access runs several dollars per hour per chip. Industry estimates suggest that infrastructure investment could reach hundreds of billions of dollars by the end of the decade.
OpenAI originally aimed to build AI “beneficial to humanity” and prevent a few firms from controlling the field. However, mounting costs forced a shift. In 2019, the company adopted a hybrid structure combining foundation control with capital-raising capabilities. ChatGPT’s launch in late 2022 accelerated this transformation, reaching 100 million users in two months and 900 million weekly active users by early 2026. Revenue followed suit: from approximately $200 million in 2022 to over $10 billion in 2025—a 60-fold increase.
OpenAI’s subscription tiers now range from $20 to $200 monthly for consumers, while enterprise plans cost $25 to $60 per user per month. A company with 10,000 employees can therefore generate several million dollars in annual revenue. Meanwhile, Anthropic faced a pricing backlash when Claude Code appeared to vanish from its $20-per-month Pro tier, seemingly requiring a $100-per-month subscription instead. Anthropic later clarified the pricing page change affected only 2% of new sign-ups and that existing users saw no change. During the confusion, Sam Altman and OpenAI staff used the moment to promote Codex, OpenAI’s competing coding tool.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Alibaba Qwen Opens AI Services to External Partners, China Eastern Airlines First to Integrate
Alibaba opens Qwen AI Services to external partners; China Eastern Airlines becomes first outside Alibaba to deploy an end-to-end AI flight booking service, enabling users to request options like affordable direct flights or spacious seats.
GateNews4m ago
Microsoft Integrates Anthropic's Claude Mythos Preview to Detect Software Vulnerabilities
Gate News message, April 23 — Microsoft is integrating Anthropic's Claude Mythos Preview AI model into its Security Development Lifecycle to identify software flaws earlier and accelerate remediation. The company's testing on open-source benchmarks showed Mythos outperformed earlier models in
GateNews4m ago
Google Launches Separate AI Chips for Training and Inference, Boosting Performance 2.8x
Gate News message, April 23 — Google announced on April 22 that it will release separate eighth-generation TPU chips for training and inference later this year, replacing its previous combined design. The move targets AI agent workloads and offers Google Cloud customers an alternative to Nvidia
GateNews24m ago
Liquid Capital Founder: Crypto VC Failures Stem from Web2 Misalignment; AI + Finance Offers New Opportunity
Gate News message, April 23 — Jack Yi, founder of Liquid Capital, shared on X that past crypto VC and project failures were largely driven by teams wasting capital developing unnecessary Web3 products by incorrectly benchmarking against Web2. Yi argued that Web3 is fundamentally a financial
GateNews36m ago
FTX Would Hold $114B in Assets If Bankrupt Estate Had Not Sold Anthropic, Solana, SpaceX Stakes
FTX's unliquidated stake values would total about $114B today, with Anthropic $82.3B, SpaceX $15B, Solana $5.1B, Cursor $3B, Robinhood $4.9B, and Genesis Digital $3.5B, per Cointelegraph.
Abstract: If the FTX bankruptcy estate had retained its stakes, it would hold roughly $114 billion in assets, led by Anthropic and SpaceX, highlighting large unrealized gains across the portfolio, per Cointelegraph.
GateNews37m ago
Nvidia H200 Shipments to China Delayed Over Approval, Terms Disagreements
US Commerce Secretary Howard Lutnick stated on April 22 that Nvidia has not sold its H200 AI chips to Chinese customers, citing lack of Beijing approval and China's prioritization of investment in domestic suppliers, according to Reuters.
The Trump administration cleared some China-bound H200
CryptoFrontier50m ago
