Category: News | Published: 2025-11-04
Share Sale
The transaction, finalised on 2 October, allows OpenAI workers and alumni to sell their equity stakes to a group of institutional investors including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. The valuation, based on the deal pricing, makes OpenAI the most valuable privately held company in the world, thereby even overtaking Elon Musk’s SpaceX.
What The Transaction Involved
Unlike a traditional fundraising round where capital is injected into the business, this was a secondary share sale, meaning the money went directly to eligible employees and former employees who had held equity for at least two years. The move provided liquidity without OpenAI going public, while still attracting long-term investors to increase their exposure.
Up To $10.3 Billion