When will OpenAI officially announce an IPO?
Short Answer
The model sees potential mispricing: an OpenAI IPO announcement before Jun 1, 2027, is rated 50.7% by the model versus 69.0% by the market. This suggests the market may be underestimating leadership's preference to delay an IPO until 2027 due to a $1 trillion valuation target, current losses, and internal governance needs.
1. Market Behavior & Drivers
This market is defined by a stable, low-probability trading range, with the price for an OpenAI IPO announcement holding between 1.0% and 2.0%. The chart shows a sideways trend, anchored to a support level at 1.0% where the price currently sits. This floor has been the prevailing price for most of the market's duration. There has been one notable price movement, a temporary spike to a resistance level of 2.0% around July 29. This move was not sustained, and the price quickly reverted to the 1.0% baseline, indicating a lack of conviction behind the brief rally. The provided context of the June 8 confidential S-1 filing establishes the fundamental basis for the market but does not explain this specific subsequent price spike.
Total traded volume stands at 28,094 contracts, but daily activity appears inconsistent. The sample data shows volume spikes, such as 1,514 contracts on July 21 and 1,000 contracts on July 29, interspersed with periods of zero trading. This pattern suggests sporadic interest rather than consistent, high-conviction participation. The market sentiment, as reflected by the persistent 1.0% probability, is clearly skeptical of an IPO announcement occurring within the contract's timeframe. Despite the procedural step of a confidential S-1 filing, traders are pricing in a prolonged period before any official public announcement is made. The failure of the price to hold gains above 1.0% reinforces this consensus.
- Since last update (~39d): Market-led: before Dec 1, 2026, market fell -10.0pp, model -5.3pp, compressing the edge.
- Model probability for IPO before Mar 1, 2027 fell -17.8pp, matching market's -18.0pp decline.
- The outcome "Before May 1, 2026" was removed since the prior report.
- OpenAI's IPO is likely delayed until 2027, driven by a $1 trillion valuation goal.
- Ongoing financial losses and governance needs suggest even early 2027 may be ambitious.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Before Oct 1, 2026 | 4.0% | 2.0% | Consistent messaging and internal preferences for delaying an IPO until 2027 make a 2026 announcement unlikely. |
| Before Nov 1, 2026 | 7.0% | 3.5% | Consistent messaging and internal preferences for delaying an IPO until 2027 make a 2026 announcement unlikely. |
| Before Dec 1, 2026 | 14.0% | 7.0% | Consistent messaging and internal preferences for delaying an IPO until 2027 make a 2026 announcement unlikely. |
| Before Jan 1, 2027 | 29.0% | 15.1% | Internal discussions indicate governance maturation and financial resolution are needed, suggesting early 2027 may be ambitious. |
| Before Feb 1, 2027 | 32.0% | 16.9% | Internal discussions indicate governance maturation and financial resolution are needed, suggesting early 2027 may be ambitious. |
Current Context
OpenAI filed an S-1, but its IPO timing remains undecided. On June 8, 2026, OpenAI confidentially submitted a draft registration statement (S-1) to the U.S. Securities and Exchange Commission (SEC) [1][2][3][4][5]. No official IPO date or price range has been established. The company stated that timing is undecided as it evaluates the trade-offs of remaining private [1][3][4][6]. This move coincided with Anthropic also filing for an IPO, positioning both as contenders in the AI lab IPO race [5][7][8][9]. Market observers widely anticipate OpenAI as a "mega-IPO" for 2026 [10][11][12][13].
A 2027 IPO is likely amid financial challenges. Recent reports indicate OpenAI may delay its IPO until 2027, citing internal debates on readiness, spending-commitment risks, and current market conditions [14][15][7]. This follows an earlier, unfulfilled internal plan for a potential 2025 public listing [16]. The company faces significant financial hurdles, with projected cumulative losses of $115 billion through 2029 and profitability not expected until approximately 2030 [15][17][18]. Analysts note the company is "burning cash" [19] while navigating an estimated valuation of $852 billion, with some reports pushing toward a trillion-dollar mark [15][17][18][8][9]. Sentiment regarding a 2026 IPO has declined, with reported chances dropping from 75% [20].
Sustained private capital supports operations despite projected losses. OpenAI secured a $110 billion funding round in early 2026, at a pre-money valuation of $730 billion [21]. The IPO race with Anthropic is influenced by each company's confidential SEC filings, which test public-market readiness as analysts scrutinize their unit economics and paths to profitability [7]. OpenAI's CFO Sarah Friar reported that annual recurring revenue (ARR) in July 2026 surpassed total ARR for Q2 [17].
Sources (21)
- 1Confidential submission of draft S-1 to the SECopenai.com
- 2OpenAI files confidential SEC paperwork for Wall Street debut | AP Newsapnews.com
- 3OpenAI files for IPO, the latest in a stream of possible AI mega-sales | CNN Businesscnn.com
- 4OpenAI confidentially files for IPO, prepping Wall Street...cnbc.com
- 5OpenAI files confidentially for IPO, following Anthropic | TechCrunchtechcrunch.com
- 6OpenAI IPO: S-1 Status, Valuation, Timeline, and Risks | TECHitechi.com
- 7The AI Lab IPO Race Is Now a Profitability Contest | Value Add Pulsevalueaddvc.com
- 8How Musk’s Trillion-Dollar Fortune Tests American Capitalismyoutube.com
- 9Wall Street Week | The World’s First Trillionaire, Governance Meets Growth, Menopause Market Boomyoutube.com
- 10Mega-IPOs warm private equity sentiment; clearer crypto...spglobal.com
- 11Private equity exits rise, returns fall in 2025spglobal.com
- 12The IPO Pipeline and the Next Phase of Securities Lending...spglobal.com
- 13Exit outlook dims for private equity's long-held software...spglobal.com
- 14OpenAI Leans Toward Holding Up I.P.O. Until Next Yearnytimes.com
- 15Would an OpenAI IPO Confirm the AI Boom or Mark the Top of the Bubble? – aitechmodel.comaitechmodel.com
- 16Generative AI Digest: Major AI agent releasesspglobal.com
- 17OpenAI CFO Sarah Friar tells employees ARR in July...cnbc.com
- 18ChatGPT Hits 1 Billion Users: The Growth Story, Losses, and OpenAI's Big Challengetoolbit.ai
- 19Kevin Warsh Considers Fewer Fed Meetings; Anthropic AI Models Hack Three Organizations |...youtube.com
- 20Chip Stocks Crash, $20B Fund Margin Called, Frontier Labs: SLOW DOWN AI, Mamdani's Grocery Storesyoutube.com
- 21Generative AI Digest: AI drawn into geopoliticsspglobal.com
2. Price Chart
Historical Price (Probability)
Outcome probability
Date
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📉 July 23, 2026: 9.0pp drop
Price decreased from 38.0% to 29.0%
Outcome: Before Feb 1, 2027
What happened: The 9.0 percentage point drop in the prediction market on July 23, 2026, was primarily driven by a traditional news report indicating a potential delay in OpenAI's IPO. A New York Times article published on June 25, 2026, reported that OpenAI "Leans Toward Holding Up I.P.O. Until Next Year," implying a launch in 2027 or later [1]. This news directly decreased the perceived likelihood of an official IPO announcement occurring "Before Feb 1, 2027." Based on the provided sources, there was no identifiable social media activity that acted as a primary driver, and it appears to be irrelevant in this context.
4. Market Data
Contract Snapshot
A YES resolution is triggered if OpenAI officially announces an IPO before the specific market's deadline, with "IPO confirmed" meaning the SEC declares Form S-1 effective, the IPO is priced, or a securities exchange assigns a ticker; otherwise, it resolves NO. This market, which opened on July 30, 2025, 10:00am EDT, resolves immediately upon IPO confirmation, even if trading has not yet begun, with outcomes verified by major financial news sources. Individual markets have varying deadlines (e.g., March 31, 2027, 11:59 PM EDT for the 'Before Apr 1, 2027' market), and insider trading is prohibited.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Before Oct 1, 2026 | $0.03 | $0.98 | 4% |
| Before Nov 1, 2026 | $0.09 | $0.93 | 7% |
| Before Dec 1, 2026 | $0.14 | $0.88 | 14% |
| Before Jan 1, 2027 | $0.26 | $0.75 | 29% |
| Before Feb 1, 2027 | $0.34 | $0.67 | 32% |
| Before Mar 1, 2027 | $0.40 | $0.62 | 41% |
| Before Apr 1, 2027 | $0.56 | $0.49 | 55% |
| Before May 1, 2027 | $0.60 | $0.45 | 60% |
| Before Jun 1, 2027 | $0.70 | $0.36 | 69% |
Market Discussion
Traders are discussing the likelihood and timing of an OpenAI IPO, with some expressing strong, but unsubstantiated, beliefs about imminent filings or announcements. Arguments for an IPO often center on OpenAI's need for capital due to high burn rates, while arguments against a near-term IPO highlight "delusional" valuation demands, a perceived loss of first-mover advantage to larger competitors, and the possibility of acquisition by Microsoft. While some early confident "Yes" claims proved incorrect, the market's probabilities indicate a collective expectation of an IPO occurring by May 2027, though less likely earlier in the year.
5. Trust Index
Corporate action: boards, bankers, and counsel hold the answer before the announcement
Integrity risk· Information exposure
How it adds up
Integrity80% of score66Caution
Trade quality20% of score54Caution
Trust score64Caution
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
Trust profile
Integrity4 screens run · 3 don't apply · 3 awaiting data
6. What key macroeconomic indicators and market conditions would catalyze an OpenAI IPO by Q1 2027?
| Target Valuation | $1 trillion (valuation floor) [1][2][3][4] |
|---|---|
| Expected IPO Timeline | Q1 2027 [3][5][6] |
| Probability of IPO by April 1, 2027 | 56% [7][8][9] |
OpenAI targets a Q1 2027 IPO, driven by valuation goals and market conditions. The company's IPO timeline is primarily influenced by CEO Sam Altman's requirement for a $1 trillion valuation floor [3][1][2][4]. Achieving this valuation in 2026 has been difficult due to prevailing market conditions and recent IPO volatility, highlighting the necessity of a broader market rebound [3][5][6]. Prediction markets, such as Kalshi, support this 2027 timeline, currently assigning a 56% probability to an official IPO announcement before April 1, 2027 [7][8][9].
Specific catalysts and prerequisites are crucial for a Q1 2027 IPO. These include the stabilization of AI market sentiment, enhanced corporate profitability, and the successful resolution of significant governance and legal challenges [3][5][6]. Structural and financial prerequisites further require the completion of the nonprofit-to-for-profit governance conversion and the demonstration of a sustainable path to profitability, particularly given annual compute spending that exceeds $30 billion [3][10][11]. Additionally, substantial legal and regulatory risks, such as copyright litigation and compliance with the EU AI Act, must be addressed [3][10][11].
Sources (11)
- 1OpenAI IPO Delay: A Symptom Of A Tech Bubble?seekingalpha.com
- 2OpenAI Could Delay Its IPO Until 2027. What That Means for Microsoft Stock.barchart.com
- 3OpenAI IPO Delayed to 2027: How the $10 Billion Valuation Threshold Is Reshaping the Pace of AI Capitalization | Gate Bloggate.com
- 4The AI unicorn IPO feast has been put on hold! OpenAI reportedly postpones its listing until 2027, SpaceX's plunge becomes the most glaring warning. | Bitget Newsbitget.com
- 5What Happens if OpenAI Delays Its IPO to 2027?morningstar.com
- 6What happens if OpenAI delays its IPO to 2027? - PitchBookpitchbook.com
- 7OpenAI IPO timeline delayed, Kalshi predictionscnbc.com
- 8When will OpenAI officially announce an IPO?kalshi.com
- 9What Betting Markets Really Think About the OpenAI,...247wallst.com
- 10OpenAI IPO: $1T+ Valuation, $25B ARRvalueaddvc.com
- 11OpenAI IPO: S-1 Status, Valuation, Timeline, and Risks | TECHitechi.com
7. How do OpenAI's and Anthropic's paths to profitability and cash burn rates compare ahead of their potential 2026-2027 IPOs?
| Anthropic Profitability Forecast | Profitable quarter by 2027 or 2028 [1][2][3] |
|---|---|
| OpenAI Cumulative Losses | Projected $44 billion through 2028 [1][2][3] |
| OpenAI IPO Probability (2026) | 18-19% by December 31, 2026 (as of August 4, 2026) [4][5][6][7][8] |
Anthropic is set to achieve profitability earlier than OpenAI. Anthropic is projected to reach a profitable quarter in 2027 or 2028, supported by a significant decrease in its burn rate, which is forecasted to decline from approximately 33% of revenue in 2026 to about 9% in 2027 [1][2][3]. In contrast, OpenAI is experiencing accelerating losses, with cumulative losses estimated to reach $44 billion by 2028, and it is not anticipated to achieve profitability until 2029 [1][2][3].
Different business models significantly shape each company's financial path. Anthropic's revenue largely originates from enterprise and developer clients, accounting for roughly 85% of its total [2][9]. Conversely, a similar proportion of OpenAI's revenue, approximately 85%, is derived from consumer subscriptions, many of which come from free users [2][9]. These distinct approaches influence their respective financial trajectories.
OpenAI's IPO timing is uncertain, influenced by valuation targets. OpenAI's CEO, Sam Altman, is reportedly aiming for a $1 trillion valuation, which may lead to a delay in the public offering until 2027 [10][11][12][13]. Advisors have reportedly cautioned against a 2026 IPO debut, citing the volatile performance of SpaceX following its own public listing [10][11][12][13]. As of August 4, 2026, prediction markets assign a low probability of 18–19% to an OpenAI IPO occurring by December 31, 2026, suggesting that a public offering is more probable in 2027 [4][5][6][7][8].
Sources (13)
- 1Anthropic Is on Track to Turn a Profit Much Faster Than...wsj.com
- 2Anthropic And OpenAI Are Taking Opposite Paths To AI...forbes.com
- 3The AI Money Pit: How Much Are OpenAI, Anthropic, and xAI Actually Losing? | Software Thugsoftwarethug.com
- 4OpenAI IPO by...? Predictions & Odds 2026 | Polymarketpolymarket.com
- 5Will OpenAI IPO by December 31 2026 76% Yes · Polymarketexplorer.struct.to
- 6OpenAI IPO.. Prediction Market Live Odds & Field | Lines.comlines.com
- 7OpenAI IPO by...? Odds & Prediction Marketspredictionhero.com
- 8OpenAI IPO By Dec 31 2026 Odds | Limitless & Polymarketpredictmarketcap.com
- 9Anthropic vs. OpenAI: Which AI Giant Could Deliver Bigger Returns for Investors? | The Motley Foolfool.com
- 10OpenAI Leans Toward Holding Up I.P.O. Until Next Yearnytimes.com
- 11OpenAI May Delay Its IPO To 2027, Report Saysforbes.com
- 12Altman won't go public for less than $1 trillion, so OpenAI's IPO may slip to 2027the-decoder.com
- 13OpenAI Is Now Considering a 2027 IPO With a $1 Trillion...finance.yahoo.com
8. What evidence from OpenAI's S-1 filing and recent leadership statements supports a potential IPO delay into 2027?
| Targeted IPO Delay | Until 2027 [1][2][3][4] |
|---|---|
| CEO's Valuation Goal | $1 trillion [1][2][3][4] |
| S-1 Filing Date | June 8, 2026 [5][4][6] |
OpenAI is considering delaying its initial public offering (IPO) until 2027. This potential postponement stems primarily from CEO Sam Altman's ambitious target of achieving a $1 trillion valuation for the company [1][2][3][4]. While OpenAI confidentially filed its S-1 paperwork with the SEC on June 8, 2026, it has not made a public commitment to a firm IPO timeline, preserving the flexibility to go public sooner should market conditions become more favorable [5][4][6].
Achieving a $1 trillion valuation faces significant market and financial hurdles. Advisors have cautioned that reaching such a valuation may prove challenging within the current volatile technology market, noting the disappointing post-IPO performance of companies like SpaceX as a potential concern [1][2][3][4]. The company's decision is also influenced by ongoing financial pressures, including substantial operating losses and a continuous demand for capital to fund its advanced artificial intelligence development efforts. Analysts indicate that delaying the IPO could consequently lead to an increased cost of capital for OpenAI [1][3][7].
Sources (7)
- 1OpenAI Leans Toward Holding Up I.P.O. Until Next Yearnytimes.com
- 2OpenAI Eyes 2027 IPO Delay As Washington Clears...forbes.com
- 3What Happens if OpenAI Delays Its IPO to 2027? | Morningstarmorningstar.com
- 4OpenAI May Delay Its IPO To 2027, Report Saysforbes.com
- 5AI trade hits a wall amid report that OpenAI will delay IPO...finance.yahoo.com
- 6OpenAI files confidential SEC paperwork for IPO, opening the door to a Wall Street debutlite.aol.com
- 7Altman won't go public for less than $1 trillion, so OpenAI's IPO may slip to 2027the-decoder.com
9. What is the historical timeline from confidential S-1 filing to IPO pricing for U.S. technology companies with valuations over $100 billion?
| OpenAI Confidential S-1 Filing Date | June 8-9, 2026 [1][2][3] |
|---|---|
| Public Filing Requirement | At least 15 days before roadshow [4][5] |
| OpenAI IPO Expectation (as of Aug 2026) | Shifting towards 2027 [6][7] |
The available research does not provide a specific historical timeline from confidential S-1 filing to IPO pricing for U.S. technology companies with valuations exceeding $100 billion. However, it is confirmed that OpenAI, an example company relevant to this inquiry, submitted a confidential S-1 registration statement to the SEC on June 8-9, 2026 [1][2][3].
The confidential S-1 process allows companies to receive private feedback from the SEC [4][5]. A public filing typically must occur at least 15 days before the company's roadshow begins [4][5]. As of August 4, 2026, prediction markets indicate skepticism regarding a 2026 IPO for OpenAI, with traders adjusting their expectations toward 2027, a timeline OpenAI has also considered for its public market debut [6][7].
Sources (7)
- 1OpenAI Files Confidential S-1 With the SEC, Targeting $852 Billion Valuation | FAQfaq.com.tw
- 2OpenAI confidential IPO filing targets Wall Street by 2026en.cryptonomist.ch
- 3OpenAI confidentially files its IPO paperwork as it inches closer to stock market debut - SiliconANGLEsiliconangle.com
- 4Anthropic confidentially files IPO prospectus with SEC, landmark dealcnbc.com
- 5SpaceX confidentially files for IPO, setting stage for record offeringcnbc.com
- 6OpenAI IPO timeline delayed, Kalshi predictionscnbc.com
- 7When will OpenAI officially announce an IPO?kalshi.com
10. What internal product milestones or financial targets must OpenAI achieve before its board, including Microsoft, would approve an IPO launch in 2026?
| Projected Operating Losses (2026) | Around $14 billion [1][2] |
|---|---|
| Cash-Flow Profitability Target | Approximately 2030 [1][2] |
| CFO's IPO Listing Target | 2027 [3][2][4] |
OpenAI faces significant financial hurdles, including projected losses and missed targets. The company is expected to incur substantial operating losses, estimated to be around $14 billion in 2026, and has a track record of not meeting its revenue and user growth objectives [1][2]. Achieving cash-flow profitability is not anticipated until approximately 2030, which remains a critical financial benchmark for any potential public listing [1][2].
OpenAI is preparing organizationally, targeting a 2027 IPO listing. Chief Financial Officer Sarah Friar has reportedly set this timeline to allow ample time for the company to enhance its governance, settle ongoing legal disputes, and establish consistent financial performance post-restructuring [3][2][4]. The company is actively developing its governance structure, including the appointment of bank CEOs to its board and the formation of an audit committee, to adhere to the strict discipline required for a public entity [5][6].
Despite preparations, an official IPO launch remains unconfirmed. While a confidential S-1 draft was submitted to the SEC on June 8, 2026, no official launch date has been announced, nor has a public prospectus been filed [7][8][4]. Reflecting market sentiment, prediction markets generally indicate low probabilities, typically under 20-45%, for an OpenAI IPO occurring by December 31, 2026 [9][10][11][12].
Sources (12)
- 1OpenAI Misses Key Revenue, User Targets in High-Stakes...wsj.com
- 2OpenAI Revenue 2026: $25B ARR, a $14B Loss, and Why Profit Waits Until 2030 | Value Add VCvalueaddvc.com
- 3OpenAI lays groundwork for juggernaut IPO at up to $1...reuters.com
- 4OpenAI IPO: $1T+ Valuation, $25B ARRvalueaddvc.com
- 5OpenAI Adds Two Bank CEOs to Board Ahead of IPO | Value Add Pulsevalueaddvc.com
- 6OpenAI IPO 2026: $852B Valuation, Risks & Bull Case | TMtechmarketbriefs.com
- 7What to know about the OpenAI IPOabcnews.com
- 8OpenAI IPO: S-1 Status, Valuation, Timeline, and Risks | TECHitechi.com
- 9OpenAI IPO by...? Predictions & Odds 2026 | Polymarketpolymarket.com
- 10Will OpenAI go public in 2026? | Manifoldmanifold.markets
- 11Will OpenAI IPO by December 31 2026?predictionninja.com
- 12OpenAI IPO.. Prediction Market Live Odds & Field | Lines.comlines.com
11. What Could Change the Odds
Key Catalysts
OpenAI submitted a confidential draft S-1 to the SEC on June 8, 2026 [1][2][3][4]. Although market analysts and reports identified OpenAI as a key private company preparing for a potential public listing during 2026, and it was widely anticipated to be part of a pipeline of mega-IPOs expected in 2026 [5][6][7], an official date or timeline for an IPO has not been set [1][8]. As of August 4, 2026, OpenAI is leaning toward delaying its IPO until 2027 [9][10].
This potential delay is driven by CEO Sam Altman's insistence on a $1 trillion valuation, combined with concerns regarding internal financial readiness and market volatility [9][11][12][10]. The company projects 2026 losses of approximately $14 billion, with cash-flow profitability not expected until around 2030 [11][12][13]. Internal discussions indicate that CFO Sarah Friar prefers delaying the listing to ensure the company meets public-company audit, control, and disclosure standards (Sarbanes-Oxley compliance) [13][8].
Key Dates & Catalysts
- Expiration: June 08, 2026
- Closes: June 01, 2027
Sources (13)
- 1Confidential submission of draft S-1 to the SEC | OpenAIopenai.com
- 2OpenAI confidentially files for IPO, prepping Wall Street...cnbc.com
- 3OpenAI files confidentially for IPO, following Anthropic | TechCrunchtechcrunch.com
- 4OpenAI Stock & IPO 2026: Valuation, How to Invest, IPO Datestartuphub.ai
- 5Mega-IPOs warm private equity sentiment; clearer crypto...spglobal.com
- 6SEC reforms aim to spur US IPO pipeline, expand capital-...spglobal.com
- 7The IPO Pipeline and the Next Phase of Securities Lending...spglobal.com
- 8OpenAI Has Not Set IPO Timeline or Held Pre-IPO Investor Meetings, Sources Saycreati.ai
- 9OpenAI Leans Toward Holding Up I.P.O. Until Next Yearnytimes.com
- 10What happens if OpenAI delays its IPO to 2027? - PitchBookpitchbook.com
- 11OpenAI Revenue 2026: $25B ARR, a $14B Loss, and Why Profit Waits Until 2030 | Value Add VCvalueaddvc.com
- 12Altman won't go public for less than $1 trillion, so OpenAI's IPO may slip to 2027the-decoder.com
- 13OpenAI IPO Delay? CFO Friar Reportedly Wants 2027 Listingbusinesstech.news
13. Related News
Last updated: August 4, 2026, 14:56 UTC
OpenAI IPO Bets Shift to 2027 After Report of Potential Delay
A report in The New York Times on June 25, 2026, indicating that OpenAI is considering delaying its initial public offering until 2027, triggered a significant repricing in markets speculating on the ...
Last updated: August 4, 2026, 14:56 UTC
Altman's 'Within a Year' IPO Comment Pushes OpenAI Timeline Bets into 2027
Comments from OpenAI CEO Sam Altman to staff, reported on June 10, 2026, framing an initial public offering as likely "within the next year," triggered a significant repricing in prediction markets as...
14. Historical Resolutions
Historical Resolutions: 3 markets in this series
Outcomes: 0 resolved YES, 3 resolved NO
Recent resolutions:
- KXIPOOPENAI-26JUN01: NO (Jun 01, 2026)
- KXIPOOPENAI-26JUL01: NO (Jul 01, 2026)
- KXIPOOPENAI-26AUG01: NO (Aug 01, 2026)
