OpenAI completes stock transaction at a record $500 billion valuation
According to a report by Jinse Finance, a person familiar with the matter revealed that OpenAI has completed a transaction allowing current and former employees to sell shares worth approximately $6.6 billion at a company valuation of $500 billion. This secondary transaction has pushed the valuation of the ChatGPT developer beyond that of Elon Musk’s SpaceX, making it the world’s most valuable startup. Previously, in a $40 billion funding round led by SoftBank Group, OpenAI was valued at $300 billion. The source stated that as part of the 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. The person requested anonymity as the information is not public.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swedish Logistic Property buys Malmö logistics property for SEK 73 million
Goldman Sachs trims Aurubis voting rights to 8.18% from 8.88%
Scandinavian Enviro Systems wins court extension of restructuring to Nov. 27, 2026
Delta Air Lines (DAL.US) chooses Amazon Leo over Starlink for in-flight WiFi; Elon Musk warns of losing a large number of customers
Elon Musk warned that Delta Air Lines' decision to choose Amazon (AMZN.US) Leo instead of SpaceX (SPCX.US) Starlink may result in the loss of a significant number of customers.
Crypto prices
More
