Microsoft (MSFT)-Backed OpenAI May Wait Until 2027 for IPO

Microsoft (MSFT)-Backed OpenAI May Wait Until 2027 for IPO Jeff Lewis Sat, June 27, 2026 at 9:32 PM GMT+2 2 min read MSFT Microsoft Corporation (NASDAQ:MSFT) is one of the 15 Best AI Stocks That Will Make You Rich in 10 Years . On June 26, 2026, Microsoft Corporation (NASDAQ:MSFT)-backed OpenAI is leaning toward waiting until next year for its public listing, the New York Times' Rob Copeland and Mike Isaac reported, citing three people involved in the company's deliberations. OpenAI had tapped bankers and lawyers for an IPO previously intended for as soon as the third or fourth quarter of 2026.

CEO Sam Altman had pushed advisers to find a path to a $1T valuation, according to the report. Also on June 26, Microsoft announced that, effective August 1, Xbox console prices worldwide will increase by $100 for 512 GB models and $150 for 1 TB models. Microsoft will also sunset its 2 TB model.

The company said console storage and memory prices have increased by more than 2. 5x and that it expects another doubling by the fall of 2027. Microsoft said the "current components crisis" is particularly difficult for consoles, since they are typically sold for less than their manufacturing cost.

Microsoft (MSFT)-Backed OpenAI May Wait Until 2027 for IPO On June 25, PitchBook announced a new federated Copilot connector with Microsoft, bringing private capital market data into Microsoft 365 Copilot, including Copilot in Excel, Copilot Chat, and Researcher. Licensed users of Microsoft 365 Copilot and PitchBook can use the PitchBook Copilot agent in Microsoft 365 applications to surface insights, build models, summarize research, and create presentations. In Copilot in Excel, the connector lets finance teams build target lists, run diligence workflows, and screen investments using PitchBook's company profiles, deal histories, fund data, and analyst research.

Microsoft Corporation (NASDAQ:MSFT) develops and supports software, services, devices, and solutions worldwide. While we acknowledge the potential of MSFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock .

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