OpenAI has become the most valued private company globally, following a $6.6 billion share sale that set its valuation at $500 billion.
This development puts it ahead of SpaceX, which has been estimated at around $400 billion, according to a report by Bloomberg.
The share sale was not part of a new fundraising round. Instead, it gave current and former OpenAI employees, who had held stock for more than two years, the option to sell their shares.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is a Crypto Mining Rig? Is it Worth it? (EASILY Explained)
The buyers included investment firms such as Thrive Capital, Dragoneer, SoftBank Group, Abu Dhabi’s MGX, and asset manager T. Rowe Price.
This is the second time within a year that OpenAI has offered employees a chance to sell shares. A similar offer took place in November 2024 when SoftBank led a $1.5 billion purchase. In January, reports suggested SoftBank was also considering a much larger investment, possibly up to $25 billion.
Investor interest in OpenAI remains strong, despite the public attention surrounding its upcoming AI model, GPT-5. In September, OpenAI and Nvidia announced a long-term infrastructure plan.
Under this partnership, OpenAI will use at least 10 gigawatts of Nvidia technology, and Nvidia will provide up to $100 billion over time, tied to the deployment of each gigawatt.
On September 19, Flora Growth initiated a $401 million treasury plan to support the growth of Zero Gravity. What was the goal of the plan? Read the full story.
