OpenAI, the creator of ChatGPT, has overtaken Elon Musk’s SpaceX to become the world’s most valuable startup, after a share sale pushed its valuation to $500 billion.
The deal saw current and former OpenAI employees sell about $6.6 billion worth of shares to a group of high-profile investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T Rowe Price, according to Reuters.
SpaceX, Musk’s rocket and satellite company, is currently valued at $400 billion, placing it behind OpenAI for the first time.
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