After OpenAI announced receiving funding from the latest round of investors totaling $6.6 billion, with a business valuation of $157 billion, OpenAI has ascended to become a unicorn startup (backed by Venture Capital and not yet listed on the stock market) ranking as the 3rd highest valued company globally.
According to CBInsights data, there are two companies with higher valuations than OpenAI, namely ByteDance, the parent company of TikTok, valued at $225 billion, and SpaceX, Elon Musk’s aerospace company, valued at $200 billion.
If OpenAI’s next goal is to go public, observations from Pitch Book indicate that surpassing a valuation of over a hundred billion dollars will make OpenAI the highest valued startup to enter the stock market, surpassing the previous record holders Meta (formerly Facebook) at $81.25 billion and Uber at $75.71 billion.
Source: Pitch Book
TLDR: OpenAI secures $6.6 billion funding, becomes the 3rd highest valued startup globally, aiming to enter the stock market with potential to set a new valuation record.
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