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International Business Times UK

Technology

Vinay Patel

OpenAI Poised To Dethrone SpaceX With Mind-Blowing $500bn Valuation

OpenAI SpaceX Sam Altman Elon Musk Meta Microsoft Mark Zuckerberg SoftBank Thrive Capital

OpenAI is reportedly in talks for a share sale that could skyrocket its valuation to $500 billion, potentially outstripping SpaceX. (Credit: Wikimedia Commons)

OpenAI, the San Francisco-based creator of ChatGPT, is on the verge of securing a valuation of $500 billion (£375.7 billion) in a secondary share sale—placing it ahead of Elon Musk's SpaceX in market worth and signalling a dramatic shift in the global technology power balance.

According to sources cited by Bloomberg and Reuters, the AI pioneer is in early discussions with investors, including Thrive Capital, to purchase stock from current and former employees.

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