OpenAI Employees could participate in $6 Billion Liquidity Event at $500 Billion Valuation

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Key Takeaways
- Current and former OpenAI employees are negotiating to sell approximately $6 billion in shares to SoftBank, Thrive Capital, and Dragoneer Investment Group at a $500 billion valuation
- The transaction represents a significant jump from OpenAI's current $300 billion valuation established earlier this year
- Only employees with at least two years of service are eligible to participate in the secondary sale
- OpenAI has doubled its revenue in the first seven months of 2025, reaching a $12 billion annualized run rate and is projected to hit $20 billion by year-end
- The deal reflects the intense competition for AI talent, with Meta reportedly offering $100 million signing bonuses to lure top OpenAI researchers
The backdrop of this deal is fierce competition for AI expertise, with Meta's Mark Zuckerberg personally recruiting top talent and offering compensation packages that can exceed $100 million in the first year alone. Despite Meta offering over $2 million annual packages for AI talent, the company continues losing staff to OpenAI and Anthropic, highlighting how factors beyond compensation—including mission alignment, company culture, and equity upside—influence career decisions in this elite talent pool.