FOX BusinessA recently completed stock deal saw OpenAI's valuation surge to $500 billion and become the world's most valuable private company, according to a report.
Current and former OpenAI employees sold about $6.6 billion in shares to a consortium of investors that included Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi's MGX and T. Rowe Price, according to Reuters, citing a source familiar with the matter.
The deal valued the ChatGPT-maker at $500 billion – well above the previous valuation of $300 billion, which was the prevailing level for a $40 billion capital raise that was led by SoftBank earlier this year.
That valuation pushes OpenAI past Elon Musk's SpaceX, which had a $400 billion valuation during an insider share sale this summer, according to a Bloomberg
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