OpenAI Is Reportedly Seeking at Least $30 Billion at a $1.4 Trillion Valuation

OpenAI’s path to public markets may now include another enormous private financing, rather than ending with March’s $122 billion round. Bloomberg reported on September 29, 2026, that the company was discussing raising at least $30 billion at a roughly $1.4 trillion valuation, according to TechCrunch. The talks are not an agreed or completed deal.

The proposed round would serve as a bridge to an initial public offering, or IPO, Bloomberg reported. That changes the role of the March financing, which had been expected to be OpenAI’s last private raise before a listing. CEO Sam Altman has since ruled out a public debut in 2026.

Another raise after March’s financing

OpenAI completed its previous financing on March 31, raising $122 billion against an original $110 billion target. Crypto Briefing describes the transaction’s $852 billion valuation as post-money, meaning it included the new investment. Amazon, Nvidia and SoftBank were among the major participants in that round.

$40 billionReported August revenue run rate

Bloomberg reported that OpenAI’s annualized revenue pace reached $40 billion in August, up 70% since July. This is a run-rate figure, not revenue collected over a completed year.

According to TechCrunch, Bloomberg linked the growth to OpenAI’s renewed focus on areas including coding.

The listing delay reaches existing commitments

Altman has cited AI safety as the reason to prioritize other work over a 2026 listing. TechCrunch reports that a public debut next year is anticipated, not confirmed. The “pre-IPO” label places the proposed financing in that sequence but does not establish when public investors will be able to buy shares.

Amazon committed $50 billion to the March round, with $35 billion contingent on milestones including an IPO or OpenAI achieving artificial general intelligence, Crypto Briefing reports. An IPO is one route to unlocking that capital, not the only named milestone; the commitment is not money already paid unconditionally.