OpenAI has filed preliminary paperwork to potentially become a publicly traded company. The company announced Monday it has submitted confidential documents to the U.S. Securities and Exchange Commission. OpenAI says it hasn’t decided on timing yet, as there are advantages to staying private. This move follows Anthropic’s June announcement of its own IPO plans. Both companies are following SpaceX, which is also pursuing an IPO. OpenAI CEO Sam Altman mentioned last fall that an IPO was the “most likely path” due to the company’s size and capital needs.