OpenAI 被曝 IPO 前洽谈以 1.25 万亿美元估值融资至多 300 亿美元
OpenAI working on new $30B raise at $1.25T valuation ahead of IPO
- 1OpenAI 据报道洽谈以 1.25 万亿美元投前估值融资至多 300 亿美元,由 Coatue 和阿联酋投资者领投
- 2一个月前彭博报道的估值为 1.4 万亿美元;两家媒体均称条款仍在磋商,最终口径可能变化
- 3若估值超 1 万亿美元,OpenAI 将成为史上估值最高的私营公司,并抬高其后续 IPO 定价门槛
- 4Anthropic 据报道寻求 1.5 至 2 万亿美元 IPO 估值,5 月曾以 9650 亿美元估值融资 650 亿美元
OpenAI 在 IPO 前再抢一轮巨额私募,头部 AI 公司的一级市场估值定价正快速上移,且口径一个月内仍有反复。
- 影响:巨额融资若落地,OpenAI 的算力供给承诺可能同步扩大,采购算力或谈合作的议价水位随之改变;一级估值连跳抬高了 AI 资产的定价参照;条款未定,最终估值可能生变。
- 参考:可考虑把头部模型厂商的融资与算力承诺纳入供应商评估维度;涉及长期算力绑定或战略合作时,值得等条款敲定后再锁定价格口径。
- 依据:金额与估值来自 CNBC 和彭博的匿名信源报道,TechCrunch 转述;OpenAI 拒绝置评,两家媒体均称条款仍在谈判。
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