OpenAI valued at $1.25 trillion as funding round falls short of its target

The ChatGPT maker is closing in on a smaller raise at a lower valuation than it pitched, as AI stocks wobble ahead of an expected 2027 IPO OpenAI is nearing the finish line on a private funding round that values the company at approximately $1.25 trillion. That would be a staggering number for almost any business on Earth. It is also less than OpenAI wanted. The company had floated a $1.4 trillion target with investors earlier in October 2026, and the market apparently had other ideas. The raise got smaller, too The valuation is not the only number that shrank. As of October 31, 2026, OpenAI had lined up about $11 billion in commitments. The original goal was $30 billion. That ambition has since been trimmed to a more modest target of around $20 billion. The round is being framed as bridge financing ahead of an initial public offering expected in 2027. OpenAI’s business has kept growing in the meantime. Its revenue reportedly hit an annualized run rate of about $50 billion by late September 2026. A valuation that climbed fast OpenAI was valued at $500 billion in October 2025. Then came a March 2026 round that raised $122 billion at an $852 billion post-money valuation. So even the ...