OpenAI raises $10B valuation
OpenAI is reportedly lining up $10 billion in new funding that pushes its valuation toward $730 billion — a signal that private AI firms are still commanding massive capital and liquidity expectations. That magnifies the importance of vesting rules and partnership risk for employees who hold options or RSUs tied to concentrated private AI valuations. (gurufocus.com)
OpenAI closed a $110 billion funding round on Feb. 27 that included a $50 billion commitment from Amazon and $30 billion commitments each from Nvidia and SoftBank. (bloomberg.com ) CFO Sarah Friar told CNBC the fundraise has climbed “north of $120 billion” after additional institutional commitments from firms such as Andreessen Horowitz, D.E. Shaw Ventures, MGX and T. Rowe Price. (cnbc.com ) Investor materials circulated to prospective backers show OpenAI guiding roughly $600 billion in cumulative compute spending through 2030 while forecasting about $280 billion in revenue by 2030. (cnbc.com ) A recent document distributed during the financing explicitly lists dependence on Microsoft for a “substantial portion” of financing and compute, as well as ongoing litigation and supply‑chain risks, among the company’s material business risks. (cnbc.com ) The company eliminated its six‑month equity vesting cliff for new hires in December 2025, permitting new employees’ equity to begin vesting immediately, according to Wall Street Journal reporting cited by Bloomberg. (bloomberg.com ) OpenAI’s own recapitalization materials stated Microsoft’s investment is shown on an as‑converted basis at approximately $135 billion, representing about 27% ownership on an as‑converted diluted basis. (openai.com ) The company has been beefing up its finance and investor‑relations ranks and is reported to be preparing for a potential initial public offering as soon as the fourth quarter of 2026. (cnbc.com )
