OpenAI lets employees cash out up to $30 million each in share sale, valuation hits $400 billion: Report

Short summary

OpenAI completed a $6.6 billion secondary share sale in October 2025, valuing the company at $400 billion. Approximately 75 employees and former employees participated, with individual liquidity up to $30 million each. The transaction signals strong investor confidence in OpenAI's trajectory.

• •$6.6 billion secondary offering at $400 billion company valuation
• •~75 participants cashed out up to $30 million each in employee equity
• •Strong investor demand reflects market confidence in AI leadership

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