TechFlow news, October 2 — According to Jinshi Data, citing sources familiar with the matter, OpenAI has completed a transaction allowing current and former employees to sell approximately $6.6 billion worth of company shares at a valuation of $500 billion.
This secondary sale pushes the ChatGPT maker past SpaceX, led by Elon Musk, making it the world's most valuable startup. Previously, OpenAI was valued at $300 billion in a $40 billion funding round led by SoftBank Group.
Sources said that as part of this 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.
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