According to Bloomberg-sourced reports on October 6, 2026, OpenAI is in talks to raise a new round. None of this has been confirmed by the company.
What is reported
- Size: at least $30B.
- Valuation: about $1.4T pre-money, presented to investors at a fixed price although no lead investor has been chosen. Some outlets cite other figures; use $1.4T as the best-sourced number.
- Investors in talks: several UAE funds, including MGX, together up to $10B and possibly as a syndicate; BlackRock; the University of California endowment, an existing investor. Thrive Capital and Andreessen Horowitz have considered participating.
- IPO: reportedly pushed to at least 2027.
- Context: follows a $122B raise in March at an $852B valuation.
Where to be skeptical
- Sources are unnamed people familiar; OpenAI and BlackRock declined to comment, and terms could change.
- MGX’s own share is not stated; the $10B is the UAE funds combined.
- A headline valuation is a negotiating position until a lead investor prices it.
- The jump from $852B to roughly $1.4T in about seven months needs revenue growth that these reports do not document.
Why it matters
Capital at this scale funds the compute commitments seen across the sector, and delaying the IPO keeps OpenAI’s financials private. Treat it as a signal of investor appetite, not as proof of returns. This is not investment advice.
