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OpenAI completes stock trading with a record valuation of $500 billion.
[OpenAI completes stock transaction with record valuation of $500 billion] According to a knowledgeable source, OpenAI has completed a transaction allowing current and former employees to sell shares worth approximately $6.6 billion at a company valuation of $500 billion. This secondary transaction has pushed the valuation of the ChatGPT developer beyond Elon Musk's SpaceX, making it the highest-valued startup in the world. Previously, in a $40 billion funding round led by SoftBank Group, OpenAI was valued at $300 billion. The source indicated that as part of the transaction, OpenAI employees sold shares to a group of investors, which includes Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi's MGX, and T. Rowe Price. Due to the confidential nature of the information, the source requested anonymity.