Overview

• Current and former employees sold about $6.6 billion in stock to buyers including Thrive Capital, SoftBank, Dragoneer, MGX and T. Rowe Price.
• The tender totaled $6.6 billion, below the more than $10 billion the company authorized for sale.
• The new mark surpasses SpaceX’s roughly $400 billion valuation and follows a SoftBank‑led $40 billion primary round that valued OpenAI near $300 billion in March.
• Reported revenue reached about $4.3 billion in the first half of 2025, with large infrastructure efforts spanning Oracle cloud deals, SK Hynix chip partnerships and reported plans with Nvidia to invest up to $100 billion in new systems.
• OpenAI is pursuing a corporate restructuring with Microsoft toward a conventional for‑profit entity, with regulatory scrutiny noted in California and Delaware.