OpenAI Hits $500 Billion Valuation After Share Sale to SoftBank:
OpenAI the creator of ChatGPT has reached a $500 billion valuation following a major secondary share sale to SoftBank, as reported by Reuters. The deal involved $6.6 billion worth of shares sold by current and former OpenAI employees, reflecting the company’s skyrocketing growth in value and revenue.The valuation jump—from a previous $300 billion to $500 billion illustrates surging investor confidence in OpenAI’s future. This secondary sale does not dilute the company’s capital but instead enables early stakeholders to realize gains, often a sign of internal liquidity strength. The company had earlier authorized over $10 billion worth of shares for secondary market sales.
