OpenAI completes stock trading at a record $500 billion valuation (data chart)

According to an informed source, OpenAI has completed a transaction allowing current and former employees to sell shares worth approximately $6.6 billion at a company valuation of $50 billion.The secondary transaction has made the ChatGPT developer¡¯s valuation surpass Elon Musk¡¯s Space Exploration Technology Company (SpaceX), becoming the world¡¯s highest valued start-up.

Earlier, in a $40 billion round of funding led by SoftBank Group, OpenAI was valued at $300 billion. The source said that as part of the transaction, OpenAI employees sold shares to a group of investors, including Intelligent Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi¡¯s MGX, and Pulitzer Group.