OpenAI’s latest funding discussions target at least $30 billion at a roughly $1.4 trillion pre-money valuation, marking a sharp step-up from the $852 billion post-money valuation closed in March 2026. Annualized revenue run-rate has climbed toward $70 billion, supported by more than 900 million weekly active users and over 50 million paying subscribers, while annualized revenue multiples remain near 35x. The round serves as bridge financing after the company confidentially filed for an IPO now expected no earlier than 2027, with continued heavy commitments from SoftBank, Nvidia, Amazon, and Microsoft. Trader sentiment on near-term valuation thresholds by year-end reflects these rapid revenue gains and sustained institutional demand, tempered by the company’s ongoing cash burn and the distance to public-market pricing.