00:00OpenAI is expanding its secondary share sale to approximately $10.3 billion,
00:06giving eligible current and former employees a chance to cash out at a valuation of $500 billion.
00:12The offering allows shareholders with over two years of equity to sell shares by the end of
00:17September, with the deal closing in October. Major investors participating include SoftBank,
00:24Thrive Capital, and T. Rowe Price. The move follows a broader trend among elite startups
00:29like SpaceX and Stripe, using secondary sales to provide liquidity without going public.
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