OpenAI weighs new funding round at $1.2 trillion valuation
What happened
On September 16, 2026, the FT and Bloomberg reported that OpenAI was in early talks for a new funding round at a valuation of about $1.2 trillion, four times the $300 billion valuation from last October, though neither disclosed the raise size or lead investor and both said the figure looked more like a negotiating ceiling. On September 30, Bloomberg and TechCrunch reported OpenAI was negotiating a pre-IPO round, planning to raise at least $30 billion at a pre-money valuation of about $1.4 trillion; Sam Altman ruled out a 2026 listing, citing AI safety concerns. On revenue, reports said its run-rate had grown 70% since July to $40 billion in August, while another report put the annualized run rate near $70 billion with enterprise revenue more than doubling; the company had previously raised $122 billion in March at an $852 billion valuation.
Written by AI from the coverage · updated 45 minutes ago
Developments
- Sep 30 03:32 · 2 reportsOpenAI seeks at least $30B at roughly $1.4T pre-money valuationAI HOT picks · Industry
- Sep 16 05:54 · 2 reportsOpenAI weighs funding round at $1.2tn valuation before IPOFinancial Times · Technology
Coverage
Follow the reports to see the story from different sides.
- TechCrunch · AIPickOpenAI reported in talks to raise at least $30B at a $1.4T valuation
Bloomberg reports OpenAI is in talks with investors for a pre-IPO round of at least $30 billion at a valuation of about $1.4 trillion. The report says a strategic focus on coding and other key areas pushed run-rate revenue up 70% since July, reaching $40 billion in August; the company previously raised $122 billion in March at an $852 billion valuation.
- AI HOT picks · IndustryPickOpenAI seeks at least $30B at roughly $1.4T pre-money valuation
Bloomberg reports OpenAI is seeking a new round of at least $30 billion at a pre-money valuation of about $1.4 trillion. Sam Altman ruled out a 2026 listing over AI safety concerns, calling now an ill-advised moment for an IPO. Separately, Axios reports OpenAI's annualized run rate is near $70 billion, up more than 70% this quarter, with enterprise revenue more than doubling.
- Bloomberg TechnologyPickOpenAI Weighs Funding Round at Over $1.2 Trillion Valuation
OpenAI is in talks for a new funding round that could value it above $1.2 trillion. That's 4x the $300 billion valuation from its October 2025 round. The post doesn't disclose the raise amount, lead investor, or timeline—only the headline valuation range. I'd treat $1.2T as the upper end of negotiation, not a done deal, especially in a fast-shifting market.
- Financial Times · TechnologyPickOpenAI weighs funding round at $1.2tn valuation before IPO
FT reports OpenAI is in early talks for a funding round at roughly $1.2tn valuation, ahead of a planned IPO. That's 4x the $300bn valuation from its October 2025 round. Terms aren't final, and the post doesn't disclose the target raise amount or lead investors. Treat the $1.2tn figure as a ceiling under discussion, not a done deal.
Heat over time
Not enough continuous observations to draw a trend yet.