OpenAI plans new stock sale may overtake SpaceX
(MENAFN) OpenAI, the creator of ChatGPT, is reportedly in early talks with investors for a new stock sale that could value the company at $500 billion, a media organization reported Tuesday.
If successful, the deal would allow current and former employees to sell shares directly to investors — a move that could make OpenAI the world’s most valuable private tech company, overtaking Elon Musk’s SpaceX, which is valued at around $400 billion.
According to sources, all existing investors — including Thrive Capital — are involved in the discussions, though the final valuation will depend on investor demand. The talks follow a $40 billion funding round led by Japan’s SoftBank that valued OpenAI at $300 billion. That round raised $8.3 billion, with demand reportedly five times greater than the supply of available shares.
The planned sale is aimed at giving staff the opportunity to cash out and benefit from the company’s rapid growth during an AI investment surge. A similar $1.5 billion share sale took place late last year.
Neither OpenAI nor Thrive Capital commented on the report.
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