Machine Heart

Apr 2, 2026 · Industry Insights

Why OpenAI’s $122 B Funding Still Leaves Its Shares Unwanted in the Secondary Market

Despite raising $122 billion in new capital and a post‑money valuation of $852 billion, OpenAI’s secondary‑market shares have struggled to find buyers, with investors favoring Anthropic’s cheaper valuation and higher premium, while the company grapples with high costs, product cuts, and upcoming IPO plans.