
The new round is anticipated to be the company's last before its delayed 2027 public debut.
OpenAI is in talks to raise at least $30 billion at a valuation of roughly $1.4 trillion in a pre-IPO funding round, according to Bloomberg. This represents a significant increase from the company's previous $122 billion funding round in March at an $852 billion valuation. The company has delayed its anticipated public market debut, with the CEO ruling out a public debut in 2026 to prioritize AI safety concerns. The new funding round would serve as a bridge before the company eventually goes public.

Satlyt wants to be the Android of orbital computing, offering open software that works on many companies' satellites, versus SpaceX's closed, all-in-one iPhone-style approach.

Flow Engineering, which is bringing AI agents to hardware design, also landed Roelof Botha as an angel investor and board member.

The $300 million employee tender was co-led by Wellington and T. Rowe Price.
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