Market2026-10-22

OpenAI is close to finalizing a funding round of up to $30 billion. The round values OpenAI at $1.25 trillion before new capital. UAE investors and Coatue are leading the financing. The funding is a bridge ahead of a planned 2027 IPO. OpenAI aims to secure signatures by the end of next week. It is also negotiating a commercial deal for more UAE compute capacity. OpenAI filed its IPO prospectus confidentially in June. CFO Sarah Friar told employees the company will go public in 2027. CEO Sam Altman said now is not the right time for an IPO.

  • up to $30 billion funding round
  • $1.25 trillion pre-money valuation
  • $600 billion compute spend target by 2030

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