OpenAI may raise up to $30B at $1.25T valuation, sources say
OpenAI is reportedly close to closing a funding round that could value the company at more than $1 trillion. Sources familiar with the deal say the San Francisco‑based AI firm is looking to raise up to $30 billion at a $1.25 trillion pre‑money valuation, although the final size is still being determined. Investors from the United Arab Emirates are said to be leading the round alongside the…
Key points
- OpenAI is reportedly raising up to $30 billion at a $1.25 trillion pre‑money valuation.
- Investors from the United Arab Emirates and Coatue are said to be leading the round.
- The financing is framed as an opportunistic bridge before a potential 2027 IPO and a UAE compute‑capacity deal.
OpenAI has positioned the financing as an “opportunistic” bridge ahead of a potential initial public offering, which CFO Sarah Friar told employees is likely to occur in 2027. The company is also reportedly negotiating a commercial agreement with a UAE partner to secure additional computing capacity as it expands its AI services. The fundraising comes amid a choppy tech‑market environment, with recent jitters around CoreWeave and anticipation of Anthropic’s upcoming IPO. OpenAI has already filed confidentially for a public listing.
Sources: OpenAI nears an up to $30B round led by investors from the UAE and Coatue at a $1.25T pre-money valuation, as an "opportunistic" bridge ahead of an IPO
cnbc.com · 22 October 2026
Loading the full article…
This text was published by cnbc.com and written by Kate Rooney. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- QumulusAI expands equipment lease financing with Tech Finance Co. to $123.6 million · 1 src
- Meta moves Q3 earnings report to October 21, citing Muse AI enthusiasm · 8 src
- CrowdStrike expands NVIDIA AI security pact, stock up 4% · 2 src
- GE Vernova falls 11% as Meta's AI spending outlook raises financing concerns · 1 src
- Tesla and SpaceX form committees to explore $3.5T merger around AI · 6 src
Comments
via GitHub Discussions