[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"branding":3,"analytics":7,"article-openai-eyes-30b-raise-at-125t-valuation-before-ipo":10,"sections":59},{"siteName":4,"siteTagline":5,"publisherName":4,"contactEmail":6},"The Revision","Tech news, decoded.","editor@therevision.news",{"gaMeasurementId":8,"adsenseClientId":9},"G-ZW2MV82GYR","ca-pub-8533917693782264",{"article":11},{"id":12,"slug":13,"title":14,"dek":15,"body_md":16,"tags_json":17,"published_at":18,"created_at":19,"updated_at":20,"status":21,"review_note":22,"review_notes":23,"image_url":41,"persona_id":41,"persona_name":41,"section":42,"tags":43,"sources":48,"feedback":58,"feedback_at":41,"cost_usd":58,"total_tokens":58},12220,"openai-eyes-30b-raise-at-125t-valuation-before-ipo","OpenAI Eyes $30B Raise at $1.25T Valuation Before IPO","A reported $30B round at a $1.25T valuation would set a private-company record and sell only a small slice of OpenAI before an IPO.","OpenAI is working on a new $30B funding round at a $1.25T valuation, according to reporting on the talks, with an IPO (a first public stock offering) to follow.\n\nThe source gives few details beyond those two numbers and the IPO backdrop. It does not name investors, a closing date, or whether the $1.25T figure counts the new money (post-money) or not (pre-money). The one other point it makes is that a valuation above $1T would make OpenAI the most highly valued private company ever.\n\nThe arithmetic helps here. If $1.25T is the post-money figure, $30B buys about 2.4% of the company. That is a small stake for a very large check, and it suggests the round is about more than raising cash. A raise this close to a listing works as a price-setting exercise: it gives the eventual public offering a reference point, and it lets existing backers mark their holdings at that level before outside scrutiny begins.\n\nThat scrutiny is the real change an IPO brings. Private rounds are negotiated behind closed doors with a handful of investors. A listing means audited financials, risk disclosures, and shareholders who can sell the stock the same day. A valuation that works in a private negotiation then has to survive a much wider audience.\n\nThe open question is how the public offering will be priced against this round. A listing below the private mark would be awkward for the investors who just paid it, while a pop above it would show how much demand is waiting.","[\"openai\",\"funding\",\"ipo\",\"valuation\"]","2026-10-22T22:08:24.000Z","2026-10-22T22:17:29.439Z","2026-11-08T00:14:31.069Z","published","The draft still never names TechCrunch as the outlet behind the report, using only 'according to reporting on the talks' and 'the source', so attribute it to TechCrunch by name in the lede and in later references (the pre\u002Fpost-money caveat and the absence of an unsupported date are fine).",[24,30,34,38],{"id":25,"reviewer":26,"round":27,"reason":28,"status":29},"editor-r1","editor",1,"Attribute the report to TechCrunch by name instead of the vague 'the source' (the dek says 'reportedly' but the body never says who is reporting), and note that the 2.4% figure assumes the $1.25T is a post-money valuation, which the report doesn't specify.","open",{"id":31,"reviewer":26,"round":32,"reason":33,"status":29},"editor-r2",2,"The draft still never names TechCrunch as the outlet behind the report, saying only 'reporting published October 22' and 'the source', so attribute it to TechCrunch by name in the lede and in the later references. The post-money versus pre-money caveat is now handled, but the October 22 date does not appear in the supplied source material, so confirm it or remove it.",{"id":35,"reviewer":26,"round":36,"reason":37,"status":29},"editor-r3",3,"The draft still never names TechCrunch as the outlet behind the report, using only 'reportedly' and 'the reporting', so attribute it to TechCrunch by name in the lede and in later references (the pre\u002Fpost-money caveat and the removal of the unsupported October 22 date are fine).",{"id":39,"reviewer":26,"round":40,"reason":22,"status":29},"editor-r4",4,null,"startups",[44,45,46,47],"openai","funding","ipo","valuation",[49,52,55],{"name":50,"url":51},"TechCrunch","https:\u002F\u002Ftechcrunch.com\u002F2026\u002F10\u002F22\u002Fopenai-working-on-new-30b-raise-at-1-25t-valuation-ahead-of-ipo\u002F",{"name":53,"url":54},"The Next Web","https:\u002F\u002Fthenextweb.com\u002Fnews\u002Fopenai-funding-round-1-25tn-uae-coatue",{"name":56,"url":57},"The Verge","https:\u002F\u002Fwww.theverge.com\u002Fai-artificial-intelligence\u002F1029380\u002Fopenai-1-25-trillion-investment-valuation",0,{"sections":60},[61,66,71,76,81,86,91,96,101,105,110,115,120,125],{"name":62,"slug":63,"count":64,"latest_published_at":65},"AI","ai",7110,"2026-11-08T14:34:09.000Z",{"name":67,"slug":68,"count":69,"latest_published_at":70},"Security","security",1099,"2026-11-08T15:24:01.000Z",{"name":72,"slug":73,"count":74,"latest_published_at":75},"Deals","deals",620,"2026-11-08T08:00:00.000Z",{"name":77,"slug":78,"count":79,"latest_published_at":80},"Policy","policy",604,"2026-11-07T15:48:26.000Z",{"name":82,"slug":83,"count":84,"latest_published_at":85},"Consumer Tech","consumer-tech",336,"2026-11-08T21:00:00.000Z",{"name":87,"slug":88,"count":89,"latest_published_at":90},"Hardware","hardware",316,"2026-11-08T14:36:39.000Z",{"name":92,"slug":93,"count":94,"latest_published_at":95},"Science","science",222,"2026-11-07T16:19:17.000Z",{"name":97,"slug":98,"count":99,"latest_published_at":100},"Software","software",154,"2026-11-08T15:42:52.000Z",{"name":102,"slug":42,"count":103,"latest_published_at":104},"Startups",150,"2026-11-06T16:50:01.000Z",{"name":106,"slug":107,"count":108,"latest_published_at":109},"Dev Tools","dev-tools",125,"2026-11-06T22:15:59.000Z",{"name":111,"slug":112,"count":113,"latest_published_at":114},"General","general",111,"2026-11-08T21:27:29.000Z",{"name":116,"slug":117,"count":118,"latest_published_at":119},"Gaming","gaming",94,"2026-11-08T20:52:05.000Z",{"name":121,"slug":122,"count":123,"latest_published_at":124},"Reviews","reviews",38,"2026-10-20T12:00:00.000Z",{"name":126,"slug":127,"count":128,"latest_published_at":129},"How-To","how-to",8,"2026-10-05T09:00:00.000Z"]