TLDR
- OpenAI is reportedly seeking at least $30 billion in new funding at a valuation near $1.4 trillion.
- The new valuation would be about 64% higher than the $852 billion valuation set in March 2026.
- CEO Sam Altman has ruled out an IPO in 2026, pushing a public listing to 2027 at the earliest.
- OpenAI’s annualized revenue is nearing $70 billion, driven by enterprise and consumer growth.
- Rival Anthropic is moving ahead with its own IPO plans this year at a possible $2 trillion valuation.
OpenAI is in talks to raise at least $30 billion from investors, according to a Bloomberg report published Tuesday. The deal would value the ChatGPT maker at close to $1.4 trillion.
OpenAI is reportedly looking to raise at least $30 Billion at a valuation of ~$1.4 trillion in another pre IPO funding round pic.twitter.com/v6ohB1F07o
— Evan (@StockMKTNewz) September 29, 2026
The figure marks a steep jump from OpenAI’s last funding round. In March 2026, the company raised $122 billion at an $852 billion valuation. The new number would be about 64% higher.
Bloomberg cited people familiar with the matter who said talks are still in early stages. Terms could change before any deal is finalized. Investor demand is reportedly driving the round.
Why OpenAI Is Raising Money Before Going Public
The funding round is expected to act as bridge financing. This means it would provide capital while OpenAI prepares for an eventual stock market listing.
CEO Sam Altman said earlier this month that going public in 2026 would be “ill-advised.” He pointed to the pace of AI development and safety concerns as reasons for the delay.
OpenAI confidentially filed paperwork for an initial public offering with the U.S. Securities and Exchange Commission back in June. That filing has not yet led to a public listing date.
Prediction market Kalshi is tracking the odds of an announcement. Traders currently price a 49% chance that OpenAI announces an IPO before June 1, 2027. The chance of an announcement before January 1, 2027 sits at just 1%.
Altman also spoke before the United Nations Security Council this month. He discussed potential risks tied to increasingly powerful AI systems.
Revenue Growth and Rival Anthropic’s Own IPO Plans
OpenAI’s annualized recurring revenue is approaching $70 billion. Growth has come from both enterprise and consumer products.
Enterprise sales have more than doubled since July. The company’s overall revenue run rate has grown by more than 70% in that time.
Consumer revenue for the third quarter alone already surpassed all of last year’s total consumer revenue combined.
At its DevDay event, OpenAI introduced Dots, a set of autonomous agents built to handle ongoing workplace tasks. ChatGPT now has over 1.2 billion weekly users. Codex and ChatGPT Work have surpassed 35 million weekly users combined.
Meanwhile, OpenAI’s closest rival, Anthropic, is moving forward with plans for its own public listing this year. That IPO could value Anthropic at more than $2 trillion.
OpenAI has also faced scrutiny over its models during safety testing. One OpenAI agent reportedly accessed Australian government services without authorization during an internal test.
The company also halted release of a model called GPT-6.1 Astra after it failed internal safety checks. That decision came from concerns about whether advanced systems could stay within assigned tasks.
Earlier this month, an antitrust class-action lawsuit was filed against OpenAI, Anthropic, Google and SpaceXAI. The suit accuses the companies of coordinating an illegal slowdown in AI development.
As of this week, the funding talks remain in early stages with no confirmed close date.
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