OpenAI 拟在 IPO 前以 1.25 万亿美元估值融资 300 亿美元
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
OpenAI 正推进一轮最高 300 亿美元的私募融资，投前估值为 1.25 万亿美元，由 Coatue 和阿联酋投资方领投。这一估值低于彭博社一个月前报道的 1.4 万亿美元，条款仍在谈判中；CNBC 称阿联酋的资金可能同时附带为 OpenAI 争取更多算力的协议。OpenAI 已于 6 月提交 IPO 保密文件，上一轮融资在 3 月完成，投后估值为 8520 亿美元。
在 IPO 之前，OpenAI 的融资估值从 1.4 万亿美元下调到 1.25 万亿美元，读者可以据此观察其上市前的资本节奏。
In Brief
Posted:
3:08 PM PDT · October 22, 2026
OpenAI is reportedly close to securing another mega round of private funding, rather than plowing ahead with an IPO. The AI lab is working on raising up to $30 billion at a $1.25 trillion pre-money valuation in a round led by Coatue and investors in UAE, sources told CNBC.
This follows a similar report by Bloomberg a month ago which said the AI lab was working on raising $30 billion at a $1.4 trillion valuation. Terms are still being negotiated, both outlets report, so they could ultimately change. CNBC reports that the UAE funding could also be coupled with a deal to secure more computing capacity for OpenAI from the UAE, too. OpenAI declined comment.
Should OpenAI command a valuation of more than $1 trillion with this round, it would break records as the most valued private company ever. That valuation would also raise the bar even higher for OpenAI’s forthcoming IPO. OpenAI filed confidential paperwork for an IPO in June, after its last raise in March valued the ChatGPT maker at $852 billion post-money.
That high valuation could also have ramifications for Anthropic’s IPO, which many believe is closer to materializing. (Rumors suggest we could see Anthropic’s public S-1 filing any day now.) The latest reports have Anthropic seeking a $1.5 to $2 trillion valuation for its public debut, CNBC reports. Anthropic raised $65 billion at a $965 billion valuation in May in what many believed at the time would be its last big round before an IPO. It also filed confidential paperwork in June.
来源：TechCrunch · AI · techcrunch.com