OpenAI’s $500 billion valuation rockets past SpaceX - Which are the most valued private companies?

OpenAI has finalized a deal valuing the company at $500 billion, allowing employees to sell shares, reported Bloomberg. With this it surpassed Elon Musk 's SpaceX as the world's largest startup. Current and former OpenAI employees sold around $6.6 billion in stock to investors such as Thrive Capital, SoftBank Group, Dragoneer Investment Group, Abu Dhabi’s MGX and T. Rowe Price, Bloomberg reported quoting a source familiar with the deal. This transaction pushed the company's valuation significantly beyond its earlier $300 billion mark set during a SoftBank-led funding round earlier this year. The swift ascent highlights the intense investment interest in pioneering companies of a technology that could revolutionise industries and economies. Sam Altman ’s OpenAI, alongside comp