It IPOs at an IPO Price that gives a $1trillion or higher valuation
It does another private round at a lower valuation (or flat) than it's March 2026 post-money valuation of $852billion (taking this valuation even through this would imply the round was smaller due to Amazon money not coming through)
It IPOs at an IPO Price below a $1trillion valuation
It IPOs at a price that is a down round (or flat) from it's last (March 2026) post-money private valuation of $852billion
OpenAI is acquired by another company either fully or as an acquihire
