How much has OpenAI raised and at what valuation?

Bloomberg reports $11 billion so far, at a valuation of $1.25 trillion, as part of a round that has not yet closed.

How large could the round become?

A source told Bloomberg it could total about $20 billion and close in the coming weeks, well below the $30 billion first targeted.

When is OpenAI expected to go public?

No date is set. TechCrunch says an IPO next year is expected after OpenAI delayed earlier plans, and The Verge says Sam Altman gave no timeline.

OpenAI reportedly raises $11 billion at a $1.25 trillion valuation, short of its goal

Bloomberg reports that OpenAI has secured $11 billion so far in a round valuing it at $1.25 trillion. The round is still open and falls well short of the $30 billion the company first sought.

BusinessPublished November 8, 2026 at 12:11 AM2 sources

Written with AI from the sources listed below. Reviewed by Konstantinos Perros. How we write

Key facts

Bloomberg reports OpenAI has raised $11 billion so far in a round at a $1.25 trillion valuation.
The round has not closed; it is expected to finish in the coming weeks and could total about $20 billion, per a source cited by Bloomberg.
OpenAI had initially hoped to raise as much as $30 billion, according to Bloomberg; The Verge adds a target valuation of $1.4 trillion.
OpenAI raised $122 billion in March at an $852 billion valuation, The Verge reports.
Bloomberg also reports that buyers of Anthropic's IPO shares are eyeing a valuation as low as $1.1 trillion, against $2 trillion expected about a month earlier.

What Bloomberg reported on OpenAI's funding

OpenAI has raised $11 billion so far in a new funding round that values the company at $1.25 trillion, Bloomberg reported on Friday 6 November 2026, citing people familiar with the matter. TechCrunch and The Verge both relay the report; TechCrunch says it has asked OpenAI for comment.

The $11 billion is only part of a larger round that has yet to close. According to TechCrunch, Bloomberg's source expects it to close in the coming weeks and to reach about $20 billion. The Verge says OpenAI is still seeking further investment that could lift the total to that level, and notes that the FT and the Wall Street Journal reported similar details the previous week.

A smaller raise than planned

The current figures fall well short of the original ambition. TechCrunch says Bloomberg reported in late September that OpenAI wanted to raise $30 billion in this round. The Verge adds that OpenAI had hoped for that amount at a higher valuation of $1.4 trillion.

The Verge links the lower result to the market backdrop: tech stocks dropped, and the midterm election results showed how far public opinion has turned against AI companies and data center projects. TechCrunch separately describes jitters in the market after the Democratic landslide in the US midterms and strongly negative voter sentiment about data centers, with many expecting regulatory challenges ahead.

The Verge also recalls that OpenAI raised $122 billion from investors in March at a valuation of $852 billion.

Anthropic's IPO and OpenAI's own plans

The news follows another Bloomberg report, published hours earlier according to TechCrunch, on OpenAI's rival Anthropic. Potential buyers of shares in its IPO are said to be looking at a valuation well below Anthropic's target, with some believing it could be as low as $1.1 trillion. Investors were said to expect $2 trillion roughly a month ago. The Verge notes that Anthropic filed its S-1 to go public last week.

On OpenAI's own listing, The Verge says CEO Sam Altman said earlier this year that the company is holding off until it can make more confident claims about its models' safety. He gave no specific timeline. TechCrunch says OpenAI previously signalled an IPO this year, then delayed, and that an IPO at some point next year is expected.

Questions and answers

How much has OpenAI raised and at what valuation?: Bloomberg reports $11 billion so far, at a valuation of $1.25 trillion, as part of a round that has not yet closed.
How large could the round become?: A source told Bloomberg it could total about $20 billion and close in the coming weeks, well below the $30 billion first targeted.
When is OpenAI expected to go public?: No date is set. TechCrunch says an IPO next year is expected after OpenAI delayed earlier plans, and The Verge says Sam Altman gave no timeline.