OpenAI Valuation Hits USD 500 Billion After Share Sale, Surpasses Elon Musk SpaceX To Become World’s Largest Startup

Sam Altman-run OpenAI has reportedly hit a USD 500 billion valuation after employees sold about USD 6.6 billion worth of shares to investors, including SoftBank, Abu Dhabi’s MGX, Thrive Capital, Dragoneer, and T. Rowe Price. It makes OpenAI the world’s most valuable startup, surpassing Elon Musk’s SpaceX.

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OpenAI (Photo Credits: Wikimedia Commons)

Sam Altman-run OpenAI has reportedly completed a major deal allowing employees to sell their shares in the company at a USD 500 billion valuation. The development has pushed the ChatGPT maker ahead of Elon Musk’s SpaceX, making it the most valuable startup in the world. As per a report of Bloomberg, current and former OpenAI staff have sold around USD 6.6 billion worth of shares to investors like SoftBank, Abu Dhabi’s MGX, Thrive Capital, Dragoneer Investment Group, and T. Rowe Price. The transaction pushed the company’s valuation significantly higher than the USD 300 billion mark set in a SoftBank-led funding round earlier this year. OpenAI Sora 2 Launched With Sound to Take On Google Veo 3, Offers Realistic Video Generation and Major Improvements; Sora App Also Released (Watch Videos).

OpenAI Valuation Jumps to USD 500 Billion

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