OpenAI World’s Most Valuable Private Company

OpenAI has reportedly reached a $500 billion valuation after completing a $6.6 billion secondary share sale involving current and former employees.

Share Sale

The transaction, finalised on 2 October, allows OpenAI workers and alumni to sell their equity stakes to a group of institutional investors including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. The valuation, based on the deal pricing, makes OpenAI the most valuable privately held company in the world, thereby even overtaking Elon Musk’s SpaceX.