Reuters reported on Oct. 19, 2026, citing two people familiar with the matter, that OpenAI was seeking about $30 billion at a valuation above $1.4 trillion. The proposed financing could support infrastructure commitments and strengthen the company’s balance sheet if weaker IPO markets delay its planned 2027 initial public offering (IPO).
What OpenAI is reportedly seeking
SoftBank Group, Abu Dhabi-based MGX and other existing OpenAI backers were reportedly in talks to participate. Reuters also reported that OpenAI completed a $122 billion financing in March 2026 at an $852 billion valuation.
What the proposed funding could support
Reuters reported that the capital could help fund OpenAI’s infrastructure commitments. It could also bolster the company’s balance sheet if weaker IPO markets further delay its planned 2027 listing. That rationale links the proposed financing to both infrastructure spending and a possible change in the timing of a public offering.
Why the timing is tied to Anthropic
Reuters said OpenAI wanted to secure investor commitments before Anthropic’s expected mid-November listing. During the week before Oct. 19, OpenAI met with long-only funds and sovereign wealth funds while Anthropic hosted an investor day. Reuters described the companies as pursuing overlapping investor pools.
NeoTeo previously covered Anthropic’s possible November IPO.
