OpenAI in talks on share sale that would price it at more than Musk’s SpaceX

If transaction goes ahead value of ChatGPT developer would rise to $500bnBusiness live – latest updatesOpenAI is reportedly in early talks about a sale of shares held by current and former employees that would price the ChatGPT developer at half a trillion dollars, overtaking Elon Musk’s SpaceX in valuation.If the transaction goes ahead, the value of the San Francisco-based company would rise by about two-thirds, from $300bn (£225bn). The valuation would exceed that of Musk’s rocket company, which is currently worth $350bn and is reportedly circling a $400bn price tag in a new fundraising. Continue reading...

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