OpenAI CFO Sarah Friar told CNBC that the Democratic wave in the 2026 US midterm elections did not significantly alter the company’s schedule. OpenAI is still targeting a 2027 IPO after filing its prospectus with the Securities and Exchange Commission in June 2026. The company is raising $11 billion at a pre-money valuation of $1.25 trillion, with another $9 billion potentially still available. In the third quarter of 2026, its annualized revenue increased by 70% and enterprise sales doubled. Its data center expansion plans nevertheless remain exposed to increased political scrutiny, which could constrain computing capacity and eventually slow growth.
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