OpenAI Pursues Up to $30 Billion Raise at $1.25 Trillion Pre-Money Valuation

OpenAI is working on raising up to $30 billion at a $1.25 trillion pre-money valuation, TechCrunch reported October 22, 2026. Coatue and UAE-based investors are reportedly leading the round, according to CNBC sources. Terms are still being negotiated and could change. OpenAI declined to comment. Its March 2026 raise valued it at $852 billion post-money.