OpenAI Hits $500 Billion Valuation, Surpasses SpaceX As World’s Largest Startup

Benzinga

OpenAI completed a $6.6 billion secondary share sale, valuing the ChatGPT maker at $500 billion and surpassing SpaceX as the world’s most valuable startup. Investors included Thrive Capital, SoftBank, Dragoneer, MGX, and T. Rowe Price. The milestone comes as OpenAI signs major infrastructure deals while competing with rivals like Meta and Anthropic for AI talent.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02OpenAI has struck the $6.6 billion secondary share sale that values the chat GBT maker

00:07at $500 billion, passing SpaceX as the world's most valuable startup, according to Bloomberg.

00:13Current and former OpenAI employees sold $6.6 billion worth of stock to investors,

00:18including Thrive Capital, SoftBank, Dragonair, MGX, and T-Row Price.

00:22Transactions lifted the company's valuation far above the $300 billion

00:25reaching a SoftBank-led round earlier this year.

00:28CEO Sam Alvin's company has been signing large infrastructure deals

00:31with Oracle and SK Hynix to support AI growth while facing talent competition

00:36for rivals like NADA and Anthropic.

00:38For all things money, visit Benzinga.com.

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