OpenAI’s latest private round closed at a $1.25 trillion pre-money valuation after raising $11–15 billion, down from an initial $30 billion target at $1.4 trillion, reflecting softer AI equity sentiment and infrastructure cost concerns. Annualized revenue reached roughly $50 billion in September with enterprise sales now comprising the majority and a $70 billion run-rate target by year-end, supporting the elevated mark despite ongoing operating losses near $11 billion. The company confidentially filed an S-1 in June but has deferred any 2026 listing to prioritize AI safety, with executives signaling readiness for a 2027 IPO. Rival Anthropic’s imminent debut provides a near-term valuation benchmark, while broader market volatility in tech shares and high capital requirements remain key swing factors for eventual public pricing.
This market will resolve to “Yes” if the official closing price for OpenAI's market capitalization on its first trading day is above the listed value. Otherwise, it will resolve to “No”. If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”. Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In the event of an interruption in the course of the normal trading session on OpenAI's first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading.