Maker of ChatGPT reported to be considering $6bn share sale that would boost valuation to $500bn – above SpaceX
The maker of ChatGPT is on the cusp of becoming the world’s most valuable private company. OpenAI is in talks to sell $6bn in shares, which would boost its valuation to $500bn, according to multiple reports. The artificial intelligence startup’s stock would be sold to investors by current and former employees.
OpenAI has seen exponential growth over the past year. Investors, including Microsoft and SoftBank, have poured at least $40bn into the startup, giving it a valuation of $300bn as of March. Last October, it was valued at $157bn.
If OpenAI achieves a $500bn valuation, it would surpass Elon Musk’s SpaceX, which currently holds the title of world’s most valuable privately held company, at $350bn.
The reported cohort of investors now eyeing OpenAI’s share sale include three firms that have already invested: SoftBank, Dragoneer Investment Group and Thrive Capital. According to Bloomberg, the talks are in early stages and the numbers could change. OpenAI declined to comment.
