OpenAI is reportedly discussing a pre-IPO raise of at least $30 billion at roughly $1.4 trillion, following its $122 billion March financing.
OpenAI is discussing a potential pre-IPO funding round of at least $30 billion at a valuation of roughly $1.4 trillion, Bloomberg reported, according to a September 29, 2026, TechCrunch article. The financing has not been finalized; TechCrunch said it would serve as a bridge to an eventual public offering if completed. OpenAI did not respond to TechCrunch’s request for comment.
The reported talks follow a $122 billion financing round in March, which valued OpenAI at $852 billion. That raise had been expected to be the company’s final private funding before an IPO. The company’s public debut had previously been expected in 2026, but CEO Sam Altman has ruled out an IPO that year, the article reported.
Bloomberg’s reporting, as summarized by TechCrunch, also tied investor interest to OpenAI’s revenue growth. The company’s run-rate revenue reportedly rose 70% since July to reach $40 billion in August, amid a renewed focus on areas including coding. These are reported figures, not details of a completed new financing.
The account also places the fundraising discussions against OpenAI’s stated shift in IPO timing. Altman said the company would prioritize AI safety rather than go public in 2026. If the reported round proceeds, its proposed role would be to provide financing ahead of the anticipated public-market debut next year; the company has not announced a final amount, valuation or closing date.