OpenAI weighs IPO delay to 2027 as SpaceX explores U.S. mobile expansion

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OpenAI IPO delay, SpaceX mobile

Highlights

OpenAI is considering delaying its initial public offering until 2027 due to volatile AI stock trading and post-IPO performance of SpaceX.
SpaceX may launch a Starlink mobile service and build its own U.S. mobile network, signaling a strategic expansion into direct consumer connectivity.
On Semiconductor acquires Synaptics in a $7 billion all-stock deal to accelerate leadership in physical AI, boosting semiconductor sector consolidation momentum.

AI listing plans and telecom expansion

As reported by the Financial Times, SpaceX is considering launching a Starlink mobile service for U.S. consumers and may also build its own U.S. mobile network. The reported move signals a potential deeper push by the company beyond satellite broadband and into a more direct role in consumer connectivity.

A separate New York Times report says OpenAI is considering delaying its initial public offering until 2027. The reasons cited include the post-IPO share performance of SpaceX and uneven trading in artificial intelligence stocks, while the ChatGPT maker has already submitted a confidential IPO filing to U.S. regulators.

Chips, transport and consumer stocks in focus

On Semiconductor has agreed to buy Synaptics in an all-stock deal with an enterprise value of $7 billion. The company says the combination will speed its push toward leadership in intelligent systems for physical AI, adding to consolidation momentum in the semiconductor sector.

Elsewhere, Boeing has received $3.62 billion in freight jet orders from China Southern Airlines for two 777F and five 777-8F aircraft, with options for three more 777-8F planes. Honeywell Aerospace also draws attention ahead of its separation from Honeywell International on Monday after RBC Capital initiated coverage with an outperform rating and a $300 price target.

In consumer and logistics names, FedEx Freight posts a solid final-quarter earnings report as part of FedEx Corporation, while Bank of America raises its price target to $187 from $185. Nike faces another downgrade before earnings next week, Apple comes under pressure after earlier-than-expected price hikes highlighted by Morgan Stanley, and TD Cowen starts its new alcoholic beverages coverage with buy ratings on Constellation Brands and Diageo.

SpaceX’s possible Starlink move into the U.S. retail mobile market was previously covered by our publication, including plans to offer mobile service directly to consumers and the idea of building a terrestrial network. We also noted the strategic rationale and hurdles, from the heavy capital demands of network rollout to spectrum constraints versus incumbent carriers, and how the push could open a new growth path beyond satellite broadband.

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