OpenAI is close to finalizing a funding round of up to $30 billion at a $1.25 trillion valuation, according to CNBC sources. The financing is intended as a bridge to the company’s planned 2027 IPO. The Financial Times reported that OpenAI had floated a $1.4 trillion valuation earlier this month before lowering its target.
WHO:OpenAI
WHAT:OpenAI is nearing a funding round of up to $30 billion at a $1.25 trillion valuation.
WHEN:Reported Oct 22, 2026 at 6:08 PM ET
WHERE:United States
WHY:The financing is intended to bridge OpenAI to its planned 2027 IPO.
Reporting from 3 identified publishers across this event arc.
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