OpenAI courts UAE funds and BlackRock for $30 billion financing round
Stockwhiz•05/10/2026•17:09 ET
6
Key Highlights
- ➤OpenAI seeks at least $30 billion in new capital
- ➤UAE funds discuss investing as much as $10 billion collectively
- ➤OpenAI presents investors a $1.4 trillion pre-money valuation
- ➤BlackRock discusses joining the UAE-led investment syndicate
- ➤OpenAI delays IPO plans until at least next year
OpenAI is discussing a $30 billion financing round with UAE funds and BlackRock, with the UAE investors considering as much as $10 billion at about a $1.4 trillion valuation.
Abu Dhabi-based MGX is among several United Arab Emirates investment funds discussing the financing, according to people familiar with the matter. The UAE funds would form a syndicate and have discussed investing as much as $10 billion altogether, one person said.
Get started
Create a free account to read the full story.