OpenAI Reportedly Targets $1.5 Trillion Valuation as it Weighs Pre-IPO Funding

According to media reports, OpenAI plans to hold an initial public offering (IPO) next year and is seeking a valuation of at least $1.5 trillion as it draws in new investment. It is reported that investors recently proposed investing in OpenAI at a valuation of $1.2 trillion, but OpenAI believes its valuation should be higher. OpenAI is pushing up its valuation mainly due to the growing number of customers for its coding tool Codex and its latest AI models, GPT-6 Astra and GPT-5.6 Sol. People familiar with the matter said the negotiations are still at an early stage, so the investment size and terms have not yet been finalized.