Categories: Tech & Auto

OpenAI hits $500 billion valuation after share sale to SoftBank, others, source says

By Krystal Hu (Reuters) -OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source familiar with the matter told Reuters on Thursday. This represents a bump-up from its current valuation of $300 billion, underscoring OpenAI's rapid gains in both users and revenue. Reuters reported details of the stock sale earlier in August. As part of the deal, OpenAI employees sold shares to a consortium of investors including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi's MGX and T. Rowe Price, according to the source, who spoke on the condition of anonymity as they were not authorized to speak to the media. The company had authorized sales of $10-billion-plus worth of stock on the secondary market, the source added. Thrive Capital, SoftBank, Dragoneer, MGX and T. Rowe Price did not immediately respond to Reuters' requests for comment. The share sale adds to SoftBank's earlier investment in OpenAI's $40 billion primary funding round. The company generated around $4.3 billion in revenue in the first half of 2025, about 16% more than it generated all of last year, the Information reported earlier this week. The sale comes at a time when tech giants are competing aggressively for AI talent with lucrative compensation packages. Meta is notably investing billions in Scale AI and poached its 28-year-old CEO, Alexandr Wang, to lead its new super intelligence unit. (Reporting by Krystal Hu in San Francisco and Anusha Shah in Bengaluru; Editing by Harikrishnan Nair and Janane Venkatraman)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

Videogame publisher EA's $55 billion buyout turns spotlight on gaming IP diversification

By Zaheer Kachwala (Reuters) -Electronic Arts' record $55 billion leveraged buyout by Saudi Arabia's sovereign…

4 minutes ago

UPDATE 1-Brazil confident Senate will back taxing the wealthy to offset middle-class exemptions

(Recasts with additional comment, context) By Marcela Ayres and Isabel Teles BRASILIA/SAO PAULO, Oct 2…

21 minutes ago

Prateeptienchai leads the Jakarta International Championship before darkness cut short play

VIDEO SHOWS: HIGHLIGHTS FROM THE FIRST ROUND OF THE JAKARTA INTERNATIONAL CHAMPIONSHIP RESENDING WITH SCRIPT…

22 minutes ago

Videogame publisher EA's $55-billion buyout turns spotlight on gaming IP diversification

By Zaheer Kachwala (Reuters) -Electronic Arts' record $55-billion leveraged buyout by Saudi Arabia's sovereign wealth…

31 minutes ago

UPDATE 1-Federal Reserve Events

(Adds Goolsbee Oct. 2 event) ***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC)…

36 minutes ago

Reuters Health News Summary

Following is a summary of current health news briefs. Pfizer does deal with Trump on…

40 minutes ago