OpenAI Nears $30B Raise at $1.25T Valuation
OpenAI is closing in on a $30 billion funding round at a $1.25 trillion valuation, led by UAE investors and Coatue, framed as a bridge ahead of a potential 2027 IPO.
What we know
OpenAI is targeting investor signatures by end of next week for a round that would raise up to $30 billion and value the company at $1.25 trillion, per two accounts on X. UAE investors are leading alongside Coatue. The round is being framed as an 'opportunistic' bridge ahead of a potential IPO in 2027. The UAE's prominent role in the deal is worth noting given simultaneous coverage of the Kushner corruption story, the Circle lawsuit over World Liberty's UAE stake, and Iran threatening AI/data infrastructure in Gulf countries. DeepSeek reportedly also raised $15B at a $74B valuation in the same period per CoinbaseMarkets. SpaceX is simultaneously finalizing a $40B debt raise at ~8.3% on lowest-rated tranches per an account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.