Story perspectives
OpenAI Surges to $500 Billion Valuation with $6.6B Sale
10/3/2025
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Story summary
- Sam Altman, OpenAI CEO, announced a $6.6 billion secondary share sale, lifting valuation to $500 billion.
- The sale enables current and former employees to sell stock, making OpenAI the most valuable startup, surpassing SpaceX.
- Thrive Capital, SoftBank, and T. Rowe Price participated; two-thirds of authorized shares were sold.
- Valuation rose from $300 billion earlier this year amid fierce AI-talent competition.
