ChatGPT maker OpenAI’s valuation has soared to around $500 billion after a major secondary share sale in which current and former employees sold stock worth $6.6 billion, according to a Reuters report citing a source familiar with the deal. The jump pushes the ChatGPT maker ahead of SpaceX and ByteDance in terms of private-market valuation.

The latest transaction marks a steep climb from OpenAI’s previous valuation of $300 billion, underscoring its rapid growth in both users and revenue.

Big-Ticket Investors Join In

The shares were snapped up by leading global investors such as Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi-based MGX, and T Rowe Price, the report said. In total, OpenAI has now cleared more than $10 billion worth of stock on the secondary market.

Soft

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