Funding·October 22, 2026 at 4:16 PM EDT·6 sources
OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors
raise, log scale$30B
$100M$1B$10B$100B
What happened
- OpenAI is nearing a funding round of up to $30 billion at a $1.25 trillion valuation, according to people familiar with the matter.
- UAE investors and Coatue are leading the financing, which is being positioned as a bridge to a potential 2027 IPO.
- The valuation target was reduced from $1.4 trillion after some investors resisted the higher price, the Financial Times reported.
Potential funding round
up to $30 billion
Target valuation
$1.25 trillion
Earlier valuation target
$1.4 trillion
Target compute spend by 2030
roughly $600 billion
Why it matters
The financing would set a major private-market valuation for a leading AI company and provides a reference point for venture, IPO and technology investors. Its reported UAE computing-capacity agreement also links capital formation with AI infrastructure demand.
What to watch. OpenAI told investors it is aiming to secure signatures by the end of next week; the final round size remains undetermined.
Deal terms
raise
OpenAI
Value
$30B
Investors
Investors from the United Arab Emirates, Coatue Management
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Timeline
- First reported by CNBCOct 22OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors
- Techmeme reportsOct 22Sources: OpenAI nears an up to $30B round led by investors from the UAE and Coatue at a $1.25T pre-money valuation, as an "opportunistic" bridge ahead of an IPO (Kate Rooney/CNBC)
- Financial Times reportsOct 22OpenAI trims valuation target to $1.25tn after pitching higher price
- TechCrunch reportsOct 22OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
- The Information reportsOct 22OpenAI Fundraising Round Set to Close Soon With UAE Investors, Coatue Leading Investment
- Bloomberg reportsOct 22OpenAI Shifts Value to $1.25 Trillion as Funding Talks Finalize
Who is involved
OpenAI nears up to $30 billion funding round at $1.25 trillio…OpenAItargetInvestors from the United Arab EmiratesCoatue ManagementUnited Arab Emirates investorsAnthropicSarah FriarSam Altman
CompanyInvestorPerson
Sources (6)
- CNBCOct 22OpenAI nears up to $30 billion funding round at $1.25 trillion valuation led by UAE investors
- TechmemeOct 22Sources: OpenAI nears an up to $30B round led by investors from the UAE and Coatue at a $1.25T pre-money valuation, as an "opportunistic" bridge ahead of an IPO (Kate Rooney/CNBC)
- Financial TimesOct 22OpenAI trims valuation target to $1.25tn after pitching higher price
- TechCrunchOct 22OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
- The InformationOct 22OpenAI Fundraising Round Set to Close Soon With UAE Investors, Coatue Leading Investment
- BloombergOct 22OpenAI Shifts Value to $1.25 Trillion as Funding Talks Finalize
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