OpenAI Staff to Sell $6B in Stock to SoftBank and Investors

Business

OpenAI, maker of well-known AI tools, is making the news again. This time, the news is about money. OpenAI staff members are planning to sell a huge chunk of their stock worth around $6 billion to investors, including SoftBank. That’s a massive deal, not just in size but in what it could mean for the AI industry.

We can think of this as employees cashing in some of their hard-earned equity. Many people have stock options at OpenAI, and this sale gives them a chance to turn those options into real money. At the same time, investors like SoftBank are showing they believe in the company’s future. It sends a signal to the market that OpenAI is still a major player in AI development.

This move could affect not only OpenAI’s employees and investors but also the wider tech world. It raises questions about valuations, market trends, and the growth of AI businesses.

Let’s explore the details of the sale, why it matters, and what it could mean for the future of AI investment.

Background on OpenAI and Its Funding

OpenAI, founded in December 2015 by Elon Musk, Sam Altman, and others, began as a nonprofit organization with the mission to ensure that artificial general intelligence (AGI) benefits all of humanity. In 2019, OpenAI transitioned to a “capped-profit” model, allowing it to attract investment while still adhering to its mission. This shift enabled OpenAI to grant equity to employees and partner with major corporations, notably Microsoft, which invested $1 billion in 2019.

OpenAI started as a nonprofit and later became a capped-profit company to fund its AI mission.
Slam Media Lab Source: OpenAI started as a nonprofit and later became a capped-profit company to fund its AI mission.

The company’s flagship product, ChatGPT, has been instrumental in its growth. By August 2025, ChatGPT had reached approximately 700 million weekly active users, up from 400 million in February of the same year. This surge in user engagement has translated into significant revenue growth. OpenAI’s annualized run rate doubled to $12 billion in the first seven months of 2025 and is projected to reach $20 billion by the end of the year.

OpenAI's vs Anthropic ARR 2025 Report
X Source: OpenAI’s vs Anthropic ARR 2025 Report

OpenAI’s funding history includes substantial investments from various sources. In 2024, OpenAI raised $6.6 billion in funding. This valued the company at $157 billion. Major investors included Microsoft, Nvidia, and SoftBank. This funding helped OpenAI grow and take on big projects. In May 2025, it expanded into hardware by buying AI startup io.

Details of the Stock Sale

Current and former OpenAI staff are planning to sell approximately $6 billion worth of shares to an investor group that includes SoftBank Group Corp., Thrive Capital, and Dragoneer Investment Group. This secondary share sale would value OpenAI at $500 billion, a significant increase from its current valuation of $300 billion.

The transaction is still in early discussion stages, and the final amount may vary. The sale would allow employees to monetize their equity, providing liquidity without the company going public or being acquired. This move is particularly important in the competitive AI sector, where retaining top talent is crucial.

SoftBank’s involvement in this secondary sale follows its commitment to lead OpenAI’s $40 billion primary funding round, which includes $30 billion from SoftBank and $10 billion from other investors. This continued investment underscores SoftBank’s strategic interest in OpenAI and the broader AI industry.

Why are Staff Selling?

The decision by OpenAI employees to sell their shares is influenced by several factors. First, the opportunity to monetize equity provides financial liquidity, allowing employees to diversify their personal portfolios. This is particularly appealing in the high-growth tech sector, where stock options can become a significant portion of an individual’s wealth.

Second, the competitive nature of the AI industry means that employees are in high demand. By offering employees the chance to sell shares, OpenAI can provide a financial incentive to stay with the company, balancing the need for liquidity with retention efforts.

Additionally, the AI sector’s rapid growth and the increasing valuations of companies like OpenAI have created a favorable environment for secondary share sales. Employees may view this as an opportune moment to capitalize on the company’s success.

Implications for OpenAI

The proposed $6 billion secondary share sale has several implications for OpenAI. Financially, while the company does not receive direct capital from the transaction, the increased valuation enhances its market position and can attract further investment.

Governance-wise, the involvement of investors like SoftBank, Thrive Capital, and Dragoneer Investment Group could influence OpenAI’s strategic direction. These investors bring significant resources and expertise, which could support OpenAI’s growth initiatives.

Strategically, the sale allows OpenAI to maintain its private status while providing liquidity to employees. This approach offers flexibility in decision-making and the ability to pursue long-term goals without the pressures associated with public markets.

OpenAI Staff: Market and Industry Reactions

The news of OpenAI’s secondary share sale has garnered attention in the tech and investment communities. Analysts view the increased valuation as a sign of confidence in OpenAI’s future prospects and the growing importance of AI technologies.

Investor interest in the secondary sale reflects the high demand for exposure to leading AI companies. However, some investors have expressed concerns about the limited availability of shares at the $300 billion valuation, leading them to seek opportunities in the secondary market.

X Source: Users Discussed AI Products Map

The broader AI industry is closely watching OpenAI’s moves, as they may set precedents for other companies in the sector. The balance between providing liquidity to employees and maintaining control within the company is a key consideration for firms navigating similar growth trajectories.

Bottom Line

OpenAI’s plan to allow employees to sell $6 billion in stock to investors like SoftBank and Thrive Capital marks a significant development in the company’s evolution. The secondary share sale provides employees with financial liquidity while maintaining the company’s private status. The increased valuation underscores the growing confidence in OpenAI’s position in the AI industry.

As the AI industry grows, OpenAI’s way of handling funding and employee shares could affect other companies. Finding the right balance between getting investors, keeping talented staff, and staying in control will be important for companies in this fast-changing field.