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BusinessQuiet 5d · day 10

OpenAI in talks for $1.2T private round as IPO slips further

Days after confirming its IPO won't happen this year, OpenAI is reportedly discussing a new funding round that would nearly double its March valuation.

Part of a larger narrative

OpenAI's Funding Race

2 stories · since Sep 14 · newest 3h ago — OpenAI pursues massive private capital raises and explores alternative financing structures as its path to a public IPO becomes increasingly uncertain.

  1. Apollo mulls raising SoftBank loan to $9B for OpenAI bets
  2. OpenAI in talks for $1.2T private round as IPO slips furtheryou are here

What to know

  • FT reports OpenAI is in early talks for a private round at roughly $1.2 trillion, up sharply from the $852 billion valuation set in a March raise.
  • The talks follow OpenAI's confirmation that it will not pursue an IPO this year, despite having confidentially filed a prospectus in June.
  • OpenAI's annualized revenue reportedly passed $40 billion last month on GPT-5.6 and Astra launches, even as the company burned $34 billion last year.
  • The raise would let existing backers like SoftBank and Thrive Capital increase their stakes while delaying a liquidity event other investors are awaiting; rival Anthropic is separately targeting an October IPO at a $2 trillion valuation.

OpenAI AI developer, maker of ChatGPTAlpesh Patel Rootbridge Capital analystSoftBank OpenAI investorThrive Capital OpenAI investorAnthropic Rival AI developer

OpenAI in talks for $1.2T private round as IPO slips further
Investing.com News

How it unfolded 3 developments, newest first · click a bar or a number to jump articlesvideospostscomments

Peak 23 pieces in 3h at Sep 15, 10 PM; 69 pieces over 10 days (52 articles · 1 video · 14 posts · 2 comments) Sep 14, 7 AM — 1 piece · 1 video — YouTube 1Sep 14, 10 AM — quietSep 14, 1 PM — quietSep 14, 4 PM — quietSep 14, 7 PM — quietSep 14, 10 PM — quietSep 15, 1 AM — quietSep 15, 4 AM — quietSep 15, 7 AM — quietSep 15, 10 AM — 1 piece · 1 article — Newswires 1Sep 15, 1 PM — quietSep 15, 4 PM — 19 pieces · 16 articles · 3 posts — Newswires 16, X 2, Mastodon 1Sep 15, 7 PM — 5 pieces · 2 articles · 2 posts · 1 comment — Newswires 2, Reddit 2, Mastodon 1Sep 15, 10 PM — 23 pieces · 20 articles · 3 posts — Newswires 15, Google News 4, Mastodon 2, +1 moreSep 16, 1 AM — 5 pieces · 3 articles · 2 posts — Google News 2, Mastodon 1, Newswires 1, +1 moreSep 16, 4 AM — 5 pieces · 3 articles · 1 post · 1 comment — Newswires 2, Google News 1, Mastodon 1, +1 moreSep 16, 7 AM — 6 pieces · 4 articles · 2 posts — Newswires 3, Mastodon 1, Google News 1, +1 moreSep 16, 10 AM — 1 piece · 1 post — Hacker News 1Sep 16, 1 PM — 1 piece · 1 article — Google News 1Sep 16, 4 PM — quietSep 16, 7 PM — quietSep 16, 10 PM — quietSep 17, 1 AM — quietSep 17, 4 AM — quietSep 17, 7 AM — quietSep 17, 10 AM — quietSep 17, 1 PM — quietSep 17, 4 PM — quietSep 17, 7 PM — quietSep 17, 10 PM — quietSep 18, 1 AM — quietSep 18, 4 AM — quietSep 18, 7 AM — quietSep 18, 10 AM — quietSep 18, 1 PM — quietSep 18, 4 PM — 1 piece · 1 article — Newswires 1Sep 18, 7 PM — quietSep 18, 10 PM — 1 piece · 1 article — Newswires 1Sep 19, 1 AM — quietSep 19, 4 AM — quietSep 19, 7 AM — quietSep 19, 10 AM — quietSep 19, 1 PM — quietSep 19, 4 PM — quietSep 19, 7 PM — quietSep 19, 10 PM — quietSep 20, 1 AM — quietSep 20, 4 AM — quietSep 20, 7 AM — quietSep 20, 10 AM — quietSep 20, 1 PM — quietSep 20, 4 PM — quietSep 20, 7 PM — quietSep 20, 10 PM — quietSep 21, 1 AM — quietSep 21, 4 AM — quietSep 21, 7 AM — quietSep 21, 10 AM — quietSep 21, 1 PM — quietSep 21, 4 PM — quietSep 21, 7 PM — quietSep 21, 10 PM — quietSep 22, 1 AM — quietSep 22, 4 AM — quietSep 22, 7 AM — quietSep 22, 10 AM — quietSep 22, 1 PM — quietSep 22, 4 PM — quietSep 22, 7 PM — quietSep 22, 10 PM — quietYesterday, 1 AM — quietYesterday, 4 AM — quietYesterday, 7 AM — quietYesterday, 10 AM — quietYesterday, 1 PM — quietYesterday, 4 PM — quietYesterday, 7 PM — quietYesterday, 10 PM — quietToday, 1 AM — quiet 12–3
Sep 15Sep 16Sep 17Sep 18Sep 19Sep 20Sep 21Sep 22now · 2:58 AM ET
  1. 2

    Revenue surge and Anthropic's rival IPO push frame the raise

    Coverage notes OpenAI's annualized revenue topped $40 billion last month, up 20% sequentially on the GPT-5.6 rollout, even as it burned $34 billion last year; rival Anthropic is meanwhile preparing an IPO as early as October at a targeted $2 trillion valuation.

    1. first by Seoul Economic Daily, 8d ago

    • OpenAI is reportedly in early talks to raise funding at a $1.2T+ valuation, up roughly 41% from March’s $852B. An IPO is expected in 2027. The company reports over 1B active users, while Q2 revenue grew 18% to $6.7B. But operating margins declined, pushing profitability further

      @kimmonismusX8d ago266▲view on X ↗
    2 more of the top 3 · 7 posts in this stretch
    • Man I get the hype, but I feel like in the chaos of the world right now, there’s smarter investments out there on discount that aren’t AI that will produce solid returns at a lower bar of entry. In a bad interest rate environment with low capex, it’s going to be discount days for construction, materials, manufacturing, etc… So many companies are…

      PugsAndHugs95r/StockMarket8d agoview on r/StockMarket ↗
    • OpenAI Is Reportedly Weighing New Funding Round At $1.5 Trillion Valuation https://www. forbes.com/sites/siladityaray/ 2026/09/16/openai-is-reportedly-weighing-new-funding-round-at-15-trillion-valuation/?utm_source=flipboard&utm_medium=activitypub Posted into Breaking News @ breaking-news-forbes

      forbes@flipboard.comMastodon8d agoview on Mastodon ↗
    all of them →
  2. 3

    OpenAI holds early talks for $1.2T private round

    The Financial Times reports OpenAI has held early-stage conversations with investors about a new private funding round valuing the company at about $1.2 trillion ahead of its delayed IPO, letting backers like SoftBank and Thrive Capital expand their stakes while deferring a liquidity event for early investors.

    1. first by Investing.com News, 8d ago · also Communicate Online, Reuters, The Information, Financial Times, Channel News Asia, Straits Times +15

      22 more headlines
    2. first by Finimize, 8d ago · also NYT, The Asia Business Daily

      2 more headlines
  3. 1

    OpenAI confirms it will not IPO this year

    AI stocks fell after leading AI CEOs called for development to be slowed and OpenAI said it is no longer planning an IPO this year; analysts suggested the delay could ultimately boost OpenAI's eventual valuation.

  4. background

    OpenAI raises $122B at $852B valuation — OpenAI closed a private funding round of $122 billion at an $852 billion post-money valuation, the benchmark against which the newly reported $1.2 trillion talks represent a sharp step-up.

Also covered reported alongside — the timeline has no entry for these yet

  1. first by Seeking Alpha, 8d ago · also RuntimeWire, Anadolu Agency

    2 more headlines

and 2 smaller pieces

What people are saying 4 voices from 2 sites · best of 7 · verbatim