OpenAI aims to raise at least 30 billion dollars in its new funding round and increase its pre-money valuation to approximately 1.4 trillion dollars. According to Bloomberg, the talks are at an early stage and the terms may change; the 1.4 trillion-dollar valuation does not include the capital to be transferred in the round. The round is expected to provide bridge financing until the IPO. CEO Sam Altman had announced that the company would not go public in 2026; the IPO is expected to take place next year. OpenAI completed the round, which included 122 billion dollars in capital commitments, in March at a valuation of 852 billion dollars. The company’s annualized revenue reached 40 billion dollars in August, increasing by approximately 70% compared with July. OpenAI continues to compete with Anthropic while focusing on coding and enterprise customers.
Why it matters
This development brings OpenAI’s pre-IPO financing plan and its position in private markets into focus at the same time. The difference between the valuation in the previous round and the new target highlights the question of how investors will assess the company’s rapid revenue growth and its shift toward coding and enterprise customers. Because the company announced that the IPO would not take place in 2026, the new funding will finance the period before it goes public; however, the fact that the talks are at an early stage shows that the terms and final valuation have not been finalized. This picture also raises the question of how much external financing the company needs to sustain its current growth rate. The development also leaves uncertain what capital structure OpenAI will use to support its growth while continuing to compete with Anthropic.
Background
OpenAI is not a new name in the FikirPilot archive: we have published 63 reports mentioning the name in the last 90 days; the latest is dated September 30, 2026.
Term: initial public offering
An initial public offering is when a company’s shares begin trading on a stock exchange for the first time; while raising capital, the company also assumes the obligation to provide regular financial reporting to the public.