World’s most valuable startup: OpenAI surpasses Musk’s SpaceX

OpenAI has become the world’s most valuable private startup, reaching a $500 billion valuation and surpassing Elon Musk’s SpaceX, reports Financial Times. The new deal allowed employees to sell $6.6 billion worth of stock, though most chose to hold on, showing strong confidence in the company’s future.

Investor appetite for artificial intelligence is surging. Nvidia has already pledged up to $10 billion in investment in exchange for access to OpenAI’s computing power to boost its AI chips. By the end of 2025, OpenAI is forecasted to generate more than $20 billion in annual revenue.

This milestone confirms OpenAI’s status as the leading force in artificial intelligence, with the potential to reshape the global economy. Analysts believe it could become the first AI startup to eventually reach a trillion-dollar valuation.