OpenAI Employees Sell Stocks via Secondary Market, Up to $30M Cash Out per Person
OpenAI allowed employees to sell stocks via the secondary market last year, with each able to cash out up to $30 million. Reports show that over 600 current and former employees participated in the transaction in October last year, selling a total of $6.6 billion worth of stocks, corresponding to a company valuation of about $400 billion.
The company plans to go public in the fourth quarter of 2026, with an IPO valuation potentially reaching $1 trillion; competitor Anthropic also plans to list as early as October. Additionally, OpenAI expects to expand its workforce from 4,500 to 8,000 by the end of 2026, and its annualized revenue exceeded $25 billion by the end of February this year.
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