OpenAI weighs funding round at $1.2tn valuation before IPO
OpenAI is considering a new funding round before its initial public offering, with reports on the valuation varying between $1.2 trillion and $1.5 trillion. The company is in early talks with investors following a confidential prospectus filing in June. While some reports suggest a valuation of $1.2 trillion, other sources indicate OpenAI believes the company is worth $1.5 trillion. This financing occurs as the company prepares for a widely expected blockbuster IPO scheduled for next year.
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- ✓ OpenAI is considering a funding round prior to an initial public offering.
- ✓ The company confidentially filed its IPO prospectus in June.
- ✓ Multiple sources report a potential valuation of $1.2 trillion for the funding round.
What changed
OpenAI is negotiating a private funding round with conflicting valuation targets of $1.2 trillion and $1.5 trillion.
Live updates
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OpenAI weighs pre-IPO funding round with valuation between $1.2tn and $1.5tn
OpenAI is considering a new funding round before its initial public offering, with reports on the valuation varying between $1.2 trillion and $1.5 trillion. The company is in early talks with investors following a confidential prospectus filing in June. While some reports suggest a valuation of $1.2 trillion, other sources indicate OpenAI believes the company is worth $1.5 trillion. This financing occurs as the company prepares for a widely expected blockbuster IPO scheduled for next year.
Why it matters
This funding round serves as a final private valuation bridge before OpenAI enters the public market. A successful round could potentially restore OpenAI's valuation lead over its competitor Anthropic. The timing follows the company's move to formally begin the IPO process earlier this summer.
What is confirmed
- OpenAI is considering a funding round prior to an initial public offering.
- The company confidentially filed its IPO prospectus in June.
- Multiple sources report a potential valuation of $1.2 trillion for the funding round.
Still unconfirmed
- OpenAI believes its valuation is $1.5 trillion.
- The funding round could make OpenAI more valuable than Anthropic again.
What to watch next
- Confirmation of the final valuation agreed upon with investors
- The official date for the initial public offering
- Public release of the prospectus filed in June
confidence 80%Sources used for this update (10)
- Financial Times — OpenAI weighs funding round at $1.2tn valuation before IPO
- The New York Times — OpenAI Considers New Financing at a $1.5 Trillion Valuation
- Bloomberg.com — OpenAI Weighing Funding Round at Over $1.2 Trillion Valuation
- gizmodo.com — Rumored Round of Funding Could Make OpenAI More Valuable Than Anthropic Again. Perhaps Briefly
- Reuters — OpenAI mulls funding round at $1.2 trillion valuation ahead of IPO, FT reports
- finance.yahoo.com — OpenAI Weighing Funding Round at Over $1.2 Trillion Valuation
- www.pymnts.com — OpenAI Eyes $1.2 Trillion Valuation in Pre-IPO Funding Round
- www.seroundtable.com — Daily Search Forum Recap: September 16, 2026
- www.cnbc.com — OpenAI investors have approached the company about a new funding round
- thenextweb.com — “An ill-advised moment to go public”: OpenAI eyes a $1.5tn private round
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