OpenAI in talks for $30B at $1.4T, IPO delayed to 2027

OpenAI is in early talks to raise at least $30 billion at a valuation of roughly $1.4 trillion, Bloomberg reported, with terms said to be fluid and demand led by investors.

The round would function as bridge financing in place of an IPO, according to TechCrunch. CEO Sam Altman has ruled out a 2026 public debut and pushed the offering to 2027, framing the delay as a safety call: "I think it is unacceptable to be taking like a 10% chance of killing everybody by the end of the decade."

The mark-up is aggressive but not unmoored to the top line. OpenAI's run-rate revenue jumped 70% since July, reaching $40 billion in August. The previous round closed in March with $122 billion in committed capital at an $852 billion valuation, meaning the new talks would nearly double the company's price tag in roughly six months.

Bloomberg's account is single-sourced and early. The identity of the lead investors and the primary-versus-secondary split are not in the initial reporting.