OpenAI completes share sale, reaching a record valuation of $500 billions

BlockBeats News, October 2 — According to sources familiar with the matter, OpenAI has completed a transaction allowing current and former employees to sell approximately $6.6 billion worth of company shares at a $500 billion valuation. This secondary sale makes the ChatGPT maker surpass Elon Musk’s SpaceX to become the world’s most valuable startup. Previously, OpenAI was valued at $300 billion in a $40 billion funding round led by SoftBank Group. Sources said that as part of this deal, OpenAI employees sold shares to a group of investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. (Golden Ten Data)