OpenAI's stock sale deal, in which current and former employees sold about $6.6 billion worth of stock, has brought the company's valuation to $500 billion, surpassing even Elon Musk's SpaceX.
OpenAI's stock sale deal, in which current and former employees sold about $6.6 billion worth of stock, has brought the company's valuation to $500 billion, surpassing even Elon Musk's SpaceX.
Current and former OpenAI employees sold about $6.6 billion in shares to investors including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, MGX (Abu Dhabi) and T. Rowe Price, Bloomberg reports .
According to sources, the company has authorized the sale of shares worth more than $10 billion on the secondary market.
As a result, the company's valuation has risen, significantly exceeding its previous value of $300 billion, recorded during the funding from SoftBank earlier this year.
This deal puts OpenAI ahead, surpassing SpaceX's $400 billion valuation.
Recall that at the end of September , Elon Musk's company xAI sued OpenAI and accused it of stealing trade secrets .
