OpenAI Targets $500B Valuation with Upcoming $6B Secondary Stock Sale
OpenAI, a leading AI company, is gearing up to sell approximately $6 billion in employee stock through a secondary offering. This move is set to value the company at an impressive $500 billion, a significant leap from its March valuation of $300 billion.
The deal will see both current and former employees selling shares to high-profile investors. These include the likes of SoftBank, Dragoneer Investment Group, and Thrive Capital.
This represents a staggering 67% increase in valuation following OpenAI’s record-breaking $40 billion funding round earlier this year. Notably, this was the largest private tech fundraise in history.
The secondary sale comes on the heels of OpenAI’s recent launch of GPT-5, its most advanced AI model to date. The company reports a whopping 500 million weekly ChatGPT users, underscoring its growing influence in the AI sector.
The transaction underscores the intense investor interest in leading AI companies. This is especially true as the generative AI market is projected to exceed $1 trillion in revenue within a decade.
Source: CNBC