OpenAI Seeks USD500 Billion Valuation
(MENAFN) OpenAI, the organization behind ChatGPT, is reportedly engaged in early discussions with financiers regarding a potential stock transaction that could assign the firm a valuation of $500 billion, according to a news agency’s report released on Tuesday.
This prospective arrangement would enable personnel to liquidate their equity and might propel OpenAI to the top of the global private tech hierarchy—surpassing Elon Musk’s SpaceX, which is estimated at $400 billion.
While the deliberations are said to be at an initial phase, an insider mentioned that all of OpenAI’s present stakeholders—including Thrive Capital, a firm headquartered in New York—are participating.
Since OpenAI does not operate on the public stock market, this proposed stock transfer would permit both current and former employees to sell their holdings directly to interested backers.
The ultimate valuation will be determined by the extent of demand from potential investors.
Insiders noted that OpenAI is attempting to take advantage of heightened interest from financiers to provide staff an opportunity to monetize their shares and gain from the company’s rapid expansion.
This news follows OpenAI’s earlier $40 billion funding effort, spearheaded by Japan’s SoftBank, which had already valued the organization at $300 billion.
Just last week, OpenAI reportedly secured $8.3 billion from that same round, with demand said to have outstripped the supply of shares by a factor of five.
Sources indicated that the anticipated new offering could significantly exceed the $1.5 billion share sale executed by OpenAI at the end of the previous year.
Both OpenAI and Thrive Capital declined to offer a response regarding these developments.
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