The maker of ChatGPT overtook Elon Musk’s tech company with a $500 billion valuation following a recent share sale
OpenAI has become the world’s most valuable startup, overtaking Elon Musk’s SpaceX, Bloomberg reported on Thursday. The milestone comes after current and former OpenAI employees sold around $6.6 billion worth of shares to investors in a secondary sale.
Earlier this year, the ChatGPT maker was valued at around $300 billion compared to SpaceX’s $400 billion. However, the latest transaction has boosted the company’s valuation past $500 billion, according to a person familiar with the deal.
The price tag boost comes as OpenAI has been…
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