Market Flux Event
OpenAI in Early Talks for New Funding Round at $1.2 Trillion Valuation
Read this in the Market Flux appOpenAI is weighing another private funding round that would value the company at roughly $1.2 trillion, up more than 40% from the $852 billion valuation it carried after closing a $122 billion round in March 2026, according to the Financial Times. The discussions were initiated by investors rather than the company and remain at an early stage.
The potential raise comes as OpenAI's business has accelerated sharply. The company's annualized revenue surpassed $40 billion last month, a jump of approximately 20% driven by the release of GPT-5.6. OpenAI spent $34 billion last year and has been burning capital at a heavy pace to fund chips, data centers and talent.
CEO Sam Altman has said a public offering is unlikely before 2027, making additional private capital the primary near-term financing option. Bloomberg and Reuters also confirmed the $1.2 trillion figure, with Bloomberg noting the valuation could exceed that threshold.
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Sources
- WallstengineOPENAI WEIGHS NEW FUNDING ROUND AT $1.2 TRILLION VALUATION OpenAI has held early talks with investors about another private funding round that could value the company at roughly $1.2T, up from $852B in March. The discussions were reportedly initiated by investors and are still at an early stage. OpenAI’s annualized revenue passed $40B last month after jumping about 20% following GPT-5.6, while Sam Altman has said an IPO is unlikely before 2027. The company raised $122B in March and spent $34B last year. Source: Financial Times
- InvestingOpenAI considers funding round at $1.2tn valuation ahead of delayed IPO - FT
- BloombergOpenAI Weighing Funding Round at Over $1.2 Trillion Valuation
- ReutersOpenAI mulls funding round at $1.2 trillion valuation ahead of IPO, FT reports
- Zerohedge*OPENAI WEIGHS FUNDING ROUND AT $1.2T VALUATION BEFORE IPO: FT