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OpenAI working on new $30B raise at $1.25T valuation ahead of IPO

TechCrunch reports that OpenAI is working on a new $30 billion raise at a $1.25 trillion valuation ahead of an IPO. If the round clears a $1 trillion valuation, it would set a record for the most valuable private company.

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OpenAI is working on a new $30 billion raise at a $1.25 trillion valuation ahead of an IPO, TechCrunch reported on October 22, 2026.

The outlet said that should OpenAI command an over $1 trillion valuation with this round, it would break records as the most highly valued private company ever.

TechCrunch published the report on October 22, 2026.