OpenAI Tops SpaceX as World’s Most Valuable Private Company With $500 Billion Valuation

OpenAI has overtaken SpaceX to become the world’s most valuable private company after a $6.6 billion employee share sale at a $500 billion valuation—the milestone underscoring the investor frenzy fueling the artificial-intelligence boom. According to a Bloomberg report, the secondary sale lets current and former staff who had held shares for at least two years sell stock to a handful of companies, including Thrive Capital, SoftBank Group, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price. Th ...