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OpenAI Hits $500 Billion Valuation in Employee Secondary Sale

Employee share sales to a new investor group set the price without adding fresh capital.

Overview

  • Current and former staff sold roughly $6.6 billion in shares, with approval to sell up to $10 billion, according to reporting based on Reuters sources.
  • Buyers included SoftBank, Thrive Capital, Dragoneer Investment Group, T. Rowe Price and Abu Dhabi’s MGX.
  • The transaction was a secondary sale that provided liquidity to employees and did not involve issuing new shares.
  • OpenAI’s business rests on paid subscriptions, API licensing and its Microsoft tie-up for Copilot and Azure, which has accelerated enterprise adoption.
  • The Information reports about $4.3 billion in revenue for the first half of 2025, while some estimates project more than $20 billion in annualized revenue this year, alongside cautions about high compute costs, energy demands and regulatory scrutiny.