OpenAI is negotiating with investors over a round of no less than $30 billion that would value the company near $1.4 trillion, according to a Bloomberg report on 29 September that TechCrunch relayed. Nothing has been signed, and OpenAI did not respond to TechCrunch’s request for comment.

The price tag would be about 64 percent above the $852 billion valuation OpenAI carried when it raised $122 billion in March. That March round was billed as the last private financing before a stock market listing. Bloomberg describes the new one as a bridge to that listing, which TechCrunch says is now expected next year.

The delay is deliberate, by Altman’s account. He has ruled out a 2026 debut and cites AI safety as the reason. “I think it is unacceptable to be taking like a 10% chance of killing everybody by the end of the decade,” he recently told Fortune, according to TechCrunch.

OpenAI is now on its second supposedly final private round in six months. Investors are being asked to pay a higher price for a longer wait, and any IPO filing next year will be measured against a $1.4 trillion mark.

Reported by TechCrunch on 29 September 2026, citing Bloomberg.