OpenAI to delay IPO after Sam Altman spooked by SpaceX tumble, report says

OpenAI is reportedly delaying its IPO, as Sam Altman was deterred by the SpaceX tumble. The ChatGPT creator had previously aimed for a $1 trillion valuation. This development negatively impacted technology stocks, contributing to a decline in the FTSE 100. The index closed down by 21.87 points, representing a 0.2% decrease, to finish at 10,508.02. The market reaction reflects the influence of OpenAI's strategic decisions on broader financial indices and tech sector performance.