OpenAI Reportedly Raises $11 Billion at $1.25 Trillion Valuation
OpenAI has reportedly secured $11 billion at a $1.25 trillion valuation, with its unfinished round potentially reaching $20 billion within weeks as AI funding cools.
Summary
On November 6, 2026, OpenAI had reportedly raised $11 billion in a new funding round valuing the company at $1.25 trillion. The unfinished round could close within weeks at about $20 billion. OpenAI was seeking $30 billion in late September, leaving the prospective total $10 billion below that target. The company had not confirmed the financing.
Hours earlier, some potential buyers of Anthropic IPO shares put OpenAI’s chief rival as low as $1.1 trillion, versus the $2 trillion investors expected roughly a month earlier. OpenAI signaled a 2026 IPO before delaying it, with a listing now expected sometime in 2027. A Democratic landslide in the U.S. midterms and overwhelmingly negative voter sentiment toward data centers have unsettled AI markets and raised expectations of regulatory challenges.
Positives
- OpenAI has reportedly secured $11 billion while the funding round remains open.
- The $1.25 trillion valuation places OpenAI above the lowest valuation considered by some potential Anthropic IPO buyers.
- The round could reach about $20 billion and close within the coming weeks.
- OpenAI is still expected to pursue a public listing sometime in 2027.
Risks & concerns
- A potential $20 billion close would remain $10 billion below OpenAI’s late September target of $30 billion.
- Some potential Anthropic IPO buyers see a $1.1 trillion valuation, down from the $2 trillion investors expected roughly a month earlier.
- OpenAI delayed the IPO it had signaled for 2026.
- Negative voter sentiment toward data centers and the Democratic midterm landslide are raising fears of future regulation.
- OpenAI had not confirmed the reported financing, leaving the round’s final size uncertain.