OpenAI’s valuation surges 766% over the last two years

OpenAI's rapid valuation growth highlights the escalating influence and investment in AI, despite profitability challenges and market volatility. The post OpenAI’s valuation surges 766% over the last two years appeared…

Editorial Team · 12 Sep 2026 · 2 min read

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OpenAI’s valuation surges 766% over the last two years

The AI giant’s rise from $100 billion to $852 billion tells a story of explosive growth, but secondary markets and rising competition hint at turbulence ahead

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Editorial Team

Sep. 12, 2026

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OpenAI official logo (public domain, Wikimedia Commons) — CryptoBriefing brand treatment

Two years ago, OpenAI was worth roughly $100 billion. Today, its post-money valuation sits at $852 billion following a massive funding round that closed on March 31, 2026. That’s a 766% increase, the kind of number that makes even seasoned venture capitalists do a double-take.

The funding milestones that got here

OpenAI’s valuation trajectory reads like a hockey stick drawn by someone with a very steady hand. In early 2024, the company was valued in the $86 billion to $100 billion range. By October 2024, that figure had climbed to $157 billion.

Then came the real fireworks. A $122 billion funding round, one of the largest private capital raises in history, pushed the valuation to $852 billion by the end of March 2026.

The investors lining up weren’t exactly unknowns. Microsoft and Nvidia, both deeply embedded in the AI infrastructure stack, contributed to the momentum.

On the revenue side, OpenAI’s annualized run rate has been estimated between $24 billion and $40 billion as of mid-2026, with monthly revenues reportedly hitting around $2 billion earlier in the year. The company remains unprofitable at scale. OpenAI reportedly achieved a 17x increase in computing power over the same two-year window.

Secondary markets tell a different story

While the primary valuation from the March 2026 round pegged OpenAI at $852 billion, secondary market signals have been less enthusiastic. By September 2026, composite marks from secondary trading suggested an implied valuation closer to $475 billion. That’s a 44% discount to the primary round price.

OpenAI confidentially filed for an IPO in June 2026, with a potential public listing targeted for 2027. At the primary valuation, OpenAI trades at roughly 30x to 35x its revenue run rate.

Anthropic enters the chat

Anthropic’s valuation reached $965 billion, and its annual revenue run rate hit $47 billion, both exceeding OpenAI’s figures in 2026.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

This article originally appeared on Crypto Briefing. Read the full article at the source: https://cryptobriefing.com/openai-valuation-surges-766-percent/

OpenAI’s valuation surges 766% over the last two years

Editorial Team · 12 Sep 2026 · 2 min read

Wire content from Crypto Briefing

OpenAI’s valuation surges 766% over the last two years

The AI giant’s rise from $100 billion to $852 billion tells a story of explosive growth, but secondary markets and rising competition hint at turbulence ahead

by
Editorial Team

Sep. 12, 2026

Add us on Google

OpenAI official logo (public domain, Wikimedia Commons) — CryptoBriefing brand treatment

The funding milestones that got here

Then came the real fireworks. A $122 billion funding round, one of the largest private capital raises in history, pushed the valuation to $852 billion by the end of March 2026.

The investors lining up weren’t exactly unknowns. Microsoft and Nvidia, both deeply embedded in the AI infrastructure stack, contributed to the momentum.

Secondary markets tell a different story

OpenAI confidentially filed for an IPO in June 2026, with a potential public listing targeted for 2027. At the primary valuation, OpenAI trades at roughly 30x to 35x its revenue run rate.

Anthropic enters the chat

Anthropic’s valuation reached $965 billion, and its annual revenue run rate hit $47 billion, both exceeding OpenAI’s figures in 2026.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

This article originally appeared on Crypto Briefing. Read the full article at the source: https://cryptobriefing.com/openai-valuation-surges-766-percent/

OpenAI’s valuation surges 766% over the last two years

The funding milestones that got here

Secondary markets tell a different story

Anthropic enters the chat

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