OpenAI in its $110 billion equity capital raise led by Amazon, NVIDIA and SoftBank at a $730 billion pre-money valuation

On February 27, 2026, OpenAI Group PBC announced a $110 billion fundraising round at a $730 billion pre-money valuation.  The capital raise includes lead investments from Amazon ($50 billion), NVIDIA ($30 billion) and SoftBank ($30 billion).  Institutional investors are expected to make additional commitments as the round progresses.  This fundraising represents the largest equity capital raise of all-time, surpassing the record previously set by OpenAI last year.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to OpenAI.