Openai, the company of Sam Altman who controls Chatgpt, has reached the record of 500 billion capitalization, exceeding the value of Spacex, the company of Elon Musk activates in the space sector. A slap for the owner of Tesla and X, who was co-founder of Openai, from whom he divided due to divergences with the Altman partner on the management of the company and on strategies.
Openii complete second placement of 6.6 billion
The Altman company, according to reports from Bloomberg, has completed a second sale of shares on the secondary market for a value of approximately 6.6 billion dollars, a figure that evaluates the entire capital about 500 billion dollars, exceeding that of Space X, which has recently been evaluated about 400 billion dollars.
Openii had previously been assessed 300 billion dollars, after a first 40 billion dollar financing round led by the Japanese softbank group.
In the latter round, employees and former employees sold their actions to professional investors of the caliber of Thrive Capital, Softbank, Dragoneer Investment Group, the Mgx of Abu Dhabi and T. Rowe Price.
However, the sale was not sufficient to reach over 10 billion dollars in shares made available by Openai employees, and this could be a signal of trust of the employees of Openai in the long -term perspectives of the company.
The meaning of operations on the secondary market
The sale on the secondary market usually concerns the sale of actions already issued by a certain category of investors (example employees and former employees) and without the direct involvement of the issuing company. Unlike sales on the primary market, where new issues are signed, sales on the secondary market concern titles already in circulation. Secondary sales are rather used by US startups to provide liquidity to employees and retain talents.
Accelerate investments in artificial intelligence
The rapid ascent of Openai is also to testify to the strong acceleration of investments into artificial intelligence, a frontier that has the potential to radically transform sectors and economies. Openi is just one of the many companies active in this sector, together with Nvidia, which continues to update its capitalization record on the American price list.
If Nvidia has been driving a global initiative for the construction of data centers necessary for the development of artificial intelligence services, the American startup founded by Altman and Musk is helping to feed this infrastructure boom, thanks to agreements signed with companies of the caliber of Oracle and Sk Hynix.
The milestone of 500 billion makes it more attractive to the eyes of new investors. Openii, founded in 2015 as a non-profit organization dedicated to making digital intelligence progress, is now in negotiations with Microsoft to convert into a profit company. A choice that Musk has strongly criticized and that determined his exit from the shareholding.
