Most radical fantasize astir ringing the Nasdaq doorbell someday. Sam Altman is not astir people.
The OpenAI CEO says helium has "0%" excitement astir the thought of moving a nationalist institution — and successful fact, helium expects it to beryllium "really annoying." That was his blunt appraisal during a December occurrence of the "Big Technology Podcast," hosted by Alex Kantrowitz, arsenic the speech turned to whether OpenAI mightiness prosecute an IPO successful the adjacent future.
Asked if he'd instrumentality OpenAI nationalist earlier backing unit required it, Altman replied, "There's similar a full clump of things astatine play here. I bash deliberation it's chill that nationalist markets get to enactment successful worth creation… successful immoderate sense, we volition beryllium precise precocious to spell nationalist if you look astatine immoderate erstwhile company."
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He added, "It's fantastic to beryllium a backstage company. We request tons of capital. We're going to, you know, transverse each of the benignant of shareholder limits and worldly astatine immoderate point."
Altman's outlook mirrors a increasing inclination crossed Silicon Valley: delaying IPOs successful favour of heavy backstage capital. That displacement has opened the doorway for platforms similar Fundrise, which lets individuals put successful backstage tech companies traditionally backed lone by VCs. Their task money was built astir the precise thought Altman's describing — semipermanent bets connected companies that whitethorn run privately for years portion scaling softly successful the background.
But past came the existent punctuation of the episode: "Am I excited to beryllium a nationalist institution CEO? 0%," Altman said. "Am I excited for OpenAI to beryllium a nationalist company? In immoderate ways, I am. And successful immoderate ways, I deliberation it'll beryllium truly annoying."
He didn't elaborate connected what precisely helium finds annoying astir the process, but it's not hard to ideate it's the accustomed premix of net calls, regulatory filings, and the never-ending scrutiny of nationalist shareholders — each things OpenAI has frankincense acold avoided.
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That aversion to going nationalist hasn't stopped OpenAI from operating astatine the standard of a megacorp. Altman confirmed that the company's compute resources person astir tripled successful the past year, and volition apt triple again successful 2026 — portion of its program to support gait with request for AI models crossed endeavor and user usage cases.

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