OpenAI Closes a $122 Billion Funding Round. IPO Is Next.
OpenAI closed a $122 billion funding round, valuing the company at $852 billion and making it one of the most highly valued private companies in history. The round includes multibillion-dollar investments from Amazon, Nvidia, and SoftBank, which alone committed $110 billion. A select group of individual investors contributed around $3 billion.
OpenAI is eyeing a public listing on the US stock market later in 2026. The company generates $2 billion a month in revenue but continues to lose billions annually, with internal forecasts projecting profitability no earlier than 2030.
OpenAI used the funding announcement to outline its next phase. The company plans to build a unified AI superapp combining ChatGPT, Codex, web browsing, and AI agents into a single interface. That puts OpenAI in direct competition with every major platform from Google to Apple.
The round follows a turbulent week. OpenAI abruptly shut down its Sora video generation platform and ended a $1 billion partnership with Disney. It also quietly wound down Instant Checkout, its agentic shopping tool. The company framed the fundraise as proof of its long-term trajectory despite these setbacks.
The road to IPO is complicated. OpenAI faces ongoing lawsuits from Elon Musk, rising competition from Anthropic and Google, and persistent questions about whether the AI industry can justify its valuations. At $852 billion, with the largest startup funding round in Silicon Valley history now closed, OpenAI is betting the answer is yes.
