Reuters reports OpenAI is accelerating plans to raise about $30 billion at a valuation above $1.4 trillion, before rival Anthropic’s expected mid-November stock market debut. That would be up from an $852 billion valuation in March, after a record $122 billion round. Existing backers SoftBank and Abu Dhabi’s MGX are in talks to join, alongside sovereign wealth funds. OpenAI is pitching $50 billion in annualized revenue after the GPT-6 Astra launch, rising to $70 billion by year-end. The figures are reported, not confirmed — OpenAI and SoftBank declined to comment.
Hook: OpenAI is racing to raise thirty billion dollars — and the clock is Anthropic’s IPO.
Context: Reuters reports OpenAI is accelerating a roughly $30 billion round at above a $1.4 trillion valuation, courting SoftBank, MGX, and sovereign funds before Anthropic’s expected mid-November IPO.
Stakes: Both labs are courting the same investors, and a public Anthropic valuation would give those investors leverage over OpenAI’s price.
Payoff: Whoever prices first sets the terms. But this is reported, not confirmed — OpenAI and SoftBank declined to comment.
Links:
https://www.instagram.com/p/De7BzZYgU99/
https://invezz.com/news/2026/10/20/why-openai-is-racing-to-raise-30-billion-before-anthropic-ipo/
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