OpenAI's valuation has reached a record $500B after the Microsoft (NASDAQ:MSFT)-backed firm wrapped a secondary stock sale, surpassing Elon Musk's SpaceX (SPACE) to become the world's most valuable startup. The ChatGPT maker's current and former employees sold about $6.6B worth of ...

OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, making it the world's largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to investors, a person familiar with the transaction said. That boosted the ChatGPT owner's price tag well past its previous $300 billion level during a SoftBank-led financing round earlier this year. Bloomberg's Manuel Baigorri reports. ...

Fintech Checkout.com announced on Friday that it reached a $12 billion valuation as part of an employee stock buyback program. On the one hand, very few startups ever achieve decacorn status, so $12 billion is nothing to sneeze at. It’s a valuable enough company to have landed its founder and CEO Guillaume Pousaz on Forbes’ billionaire list. On the other, there was a short period of time when Checkout.com was valued at a whopping $40 billion, as part of its $1 billion Series D round closed in 2022. By t ...