OpenAI reportedly seeks $30B at $1.25T pre-money valuation
Coatue and UAE investors are said to lead the round, whose terms are still being negotiated and could change, according to CNBC.
OpenAI is reportedly working on raising up to $30 billion at a $1.25 trillion pre-money valuation, with Coatue and investors in the United Arab Emirates said to be leading the round, according to CNBC. The terms are still being negotiated and could change, and OpenAI declined to comment on the report.
The reported UAE funding could also be coupled with a deal to secure more computing capacity for the ChatGPT maker from the UAE, according to the report. Neither the size of any individual contribution nor a timeline for closing the round was disclosed.
The reported valuation is lower than the $1.4 trillion figure Bloomberg reported a month earlier, when it said OpenAI was working on raising $30 billion. In March 2026, OpenAI's previous raise valued the company at $852 billion post-money.
The company filed confidential paperwork for an initial public offering in June 2026. Rival Anthropic, which raised $65 billion at a $965 billion valuation in May 2026, also filed confidential paperwork that June.
Quick answers
How much is OpenAI reportedly raising?
Up to $30 billion, at a reported $1.25 trillion pre-money valuation, according to CNBC. Terms are still being negotiated and could change.
Who is leading OpenAI's reported funding round?
Coatue and investors in the UAE are said to be leading the round.
Has OpenAI filed for an IPO?
Yes. OpenAI filed confidential paperwork for an IPO in June 2026.