OpenAI is negotiating a $30 billion funding round that would value the company at $1.4 trillion.
TechCrunch reported on September 29, 2026, that OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation. According to that report, the round is expected to be OpenAI's last before it goes public, a debut now pushed back to 2027. TechCrunch did not name the investors involved, disclose deal terms, or give a timeline for closing.
A $1.4 trillion valuation would put OpenAI in territory almost no private company has occupied, and it raises the stakes for the eventual IPO: investors will be asked to price in growth that justifies a number set well before the company has filed any public paperwork. It also suggests the private-funding market for frontier AI labs still has plenty of room to run, even as skepticism about AI spending grows elsewhere.
Talks like this can shrink or collapse before anyone signs anything, and eye-popping valuation numbers floated ahead of a close have a habit of not surviving contact with the term sheet.