OpenAI Secures $11 Billion at a $1.25 Trillion Valuation
Reuters reports that OpenAI has locked in $11 billion in fresh investment at a $1.25 trillion valuation. Some expect the full round to swell to roughly $20 billion.
OpenAI has secured $11 billion as the first tranche of a new funding round, Reuters reported on November 6, citing a person familiar with the deal. The round values the company at $1.25 trillion. The investors Reuters confirmed as taking part are SoftBank and MGX.
TechCrunch and The Decoder reported that the full round could grow to roughly $20 billion. The money in hand so far is $11 billion. The rest of the investor lineup, and the final size of the round, have yet to be settled.
How this differs from the March round
OpenAI officially announced in March 2026 that it had received $122 billion in investment commitments. The post-money valuation at the time was $852 billion. The $1.25 trillion figure Reuters now reports is higher. The March number was the sum of all commitments; this $11 billion is the first money actually in the door.
Raising capital from individual investors also featured in the March round. OpenAI said at the time that it had gathered more than $3 billion from individual investors through banks. In this round, too, alongside institutional participation, a push to recruit individual investors is being discussed.
Why court wealthy individuals
The Decoder read OpenAI’s turn toward wealthy individual investors as a sign that AI investment capital is running dry, or that investment has crowded too heavily into OpenAI and Anthropic. Where Reuters focused on the amount secured and the participating investors, The Decoder zeroed in on the recruitment of wealthy individuals. The outlet put “dentists” in its headline to highlight the push to raise money from wealthy individuals.
Three questions remain: whether the projected total of roughly $20 billion will materialize, who the additional investors will be, and how the final terms will be set.