OpenAI is in early talks to raise at least $30 billion at a valuation of roughly $1.4 trillion before the new money, Bloomberg reported on Tuesday.
That would come close to doubling the $852 billion price it carried in March, when it lined up $122 billion in committed capital.
The round is meant as a bridge to a stock market listing that will no longer happen in 2026. Chief executive Sam Altman has pushed the IPO to 2027 and framed the delay as a safety call, saying it would be unacceptable to accept even a 10 percent chance of killing everybody by the end of the decade.
The revenue is growing quickly. Run-rate revenue rose about 70 percent from July to reach $40 billion in August, driven largely by coding, according to the report.
The news landed on the day of OpenAI’s DevDay, where it launched GPT-6.1 Sol, an always-on agent called Dots and what TechCrunch described as its own office suite.
It also lands as Anthropic heads for a listing expected in November, after a prospectus that showed $518 billion in computing commitments. The talks are early and terms could change. OpenAI did not respond to TechCrunch’s request for comment.
The pitch carries an obvious tension. A company saying the risks are too high to go public is asking private investors to pay around 35 times its summer run-rate revenue. It has not said what would make 2027 safe enough when 2026 was not.
