OpenAI is seeking at least $30 billion from investors at a valuation of around $1.4 trillion, compared with the $1.2 trillion valuation it previously considered, after pushing back its initial public offering plans, Bloomberg reported on 29 September 2026. The proposed valuation excludes the money OpenAI aims to raise.
Key points
- OpenAI is targeting at least $30 billion in a private funding round at a valuation of around $1.4 trillion before the new investment.
- The company previously considered a round at $1.2 trillion and has pushed back its plans for an initial public offering.
- OpenAI announced $122 billion in committed funding at an $852 billion post-money valuation in March.
- The proposed valuation could place OpenAI above Anthropic’s most recent private-market valuation.
OpenAI seeks a $1.4 trillion pre-money value
The new target is for a private financing rather than a public listing. Bloomberg attributed the fundraising plan and proposed valuation to people familiar with the matter. Its earlier reporting had put the valuation under consideration for another round at $1.2 trillion.
The distinction between the proposed valuation and the financing matters to the terms investors are discussing. Bloomberg’s figure of around $1.4 trillion is the value sought before the new money is included. The company is aiming to bring in at least $30 billion from the investors in that round.
The delayed offering also changes the route by which OpenAI is seeking capital. Its March transaction was a private funding round, and the latest proposal would keep the company in that market as it pursues another investment. The $1.4 trillion figure is a target for the proposed round, rather than a price from a completed financing.
March round valued OpenAI at $852 billion
OpenAI announced in March that it had closed $122 billion in committed funding at an $852 billion post-money valuation, INDmoney reported. That completed-round valuation includes the investment, whereas the value sought for the new round excludes the capital OpenAI aims to collect.
An earlier announcement in February put new investment at $110 billion and the company’s pre-money value at $730 billion, TokenPost reported. It identified commitments of $30 billion each from SoftBank and Nvidia and $50 billion from Amazon. The two announcements carry different dates and valuation measures: February’s figure preceded investment, while March’s followed it.
SoftBank’s financing plans provide another view of the capital being committed to OpenAI. AI Affairs previously reported that the company planned an $11 billion junk bond sale to finance its stake. TokenPost identified SoftBank as one of the investors behind the February commitments.
Anthropic remains the private-market comparison
The valuation OpenAI is seeking could put it back above Anthropic’s most recent private-market valuation, Bloomberg reported. That comparison depends on OpenAI securing investment at the proposed price. The reported $1.4 trillion target follows both the $852 billion valuation attached to its completed March financing and the $1.2 trillion valuation previously under consideration.
Investors considering the new round would be paying against a business whose reported revenue pace has risen since March. OpenAI said at the time that it was generating roughly $2 billion a month, according to INDmoney. The later annualised revenue run rate was reported at more than $40 billion. A run rate extends a current pace over a year; it is different from revenue booked across that year.
