PANews reported on October 2nd that Bloomberg, citing sources familiar with the matter, reported that artificial intelligence company OpenAI's valuation reached $500 billion in a new round of secondary stock sales, surpassing SpaceX, which is valued at approximately $400 billion, to become the world's largest startup. In this round of transactions, current and former employees sold $6.6 billion worth of stock to investors including Thrive Capital, SoftBank, and MGX. The report noted that compared to other crypto companies, OpenAI's $500 billion valuation far surpasses Coinbase (approximately $89 billion), as well as companies like Ripple and Circle. Its closest crypto competitor may be stablecoin issuer Tether. Artemis' CEO estimated in June that Tether's valuation could reach $515 billion if it went public.PANews reported on October 2nd that Bloomberg, citing sources familiar with the matter, reported that artificial intelligence company OpenAI's valuation reached $500 billion in a new round of secondary stock sales, surpassing SpaceX, which is valued at approximately $400 billion, to become the world's largest startup. In this round of transactions, current and former employees sold $6.6 billion worth of stock to investors including Thrive Capital, SoftBank, and MGX. The report noted that compared to other crypto companies, OpenAI's $500 billion valuation far surpasses Coinbase (approximately $89 billion), as well as companies like Ripple and Circle. Its closest crypto competitor may be stablecoin issuer Tether. Artemis' CEO estimated in June that Tether's valuation could reach $515 billion if it went public.
Bloomberg: OpenAI's valuation reaches $500 billion, surpassing SpaceX and possibly second only to Tether's valuation
2025/10/02 19:47
PANews reported on October 2nd that Bloomberg, citing sources familiar with the matter, reported that artificial intelligence company OpenAI's valuation reached $500 billion in a new round of secondary stock sales, surpassing SpaceX, which is valued at approximately $400 billion, to become the world's largest startup. In this round of transactions, current and former employees sold $6.6 billion worth of stock to investors including Thrive Capital, SoftBank, and MGX.
The report noted that compared to other crypto companies, OpenAI's $500 billion valuation far surpasses Coinbase (approximately $89 billion), as well as companies like Ripple and Circle. Its closest crypto competitor may be stablecoin issuer Tether. Artemis' CEO estimated in June that Tether's valuation could reach $515 billion if it went public.
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