{"id":12524,"date":"2025-10-03T15:50:22","date_gmt":"2025-10-03T15:50:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/openai-beats-spacex-and-becomes-the-startup-with-the-worlds-highest-market-cap-at-500-billion\/"},"modified":"2025-10-03T15:50:27","modified_gmt":"2025-10-03T15:50:27","slug":"openai-beats-spacex-and-becomes-the-startup-with-the-worlds-highest-market-cap-at-500-billion","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/openai-beats-spacex-and-becomes-the-startup-with-the-worlds-highest-market-cap-at-500-billion\/","title":{"rendered":"OpenAI beats SpaceX and becomes the startup with the world\u2019s highest market cap at $500 billion"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">OpenAI employees sold $6.6 billion of company stock to investors. The company\u2019s value spiked to $500 billion, leaving Elon Musk\u2019s $400 billion worth of SpaceX behind. It happened only a day after Musk became the first person in history to reach a $500 billion net worth.\u00a0<\/p>\n<div id=\"cn-block-summary-block_90195229d9da58f1f70f0c5823dfe47b\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The company assisted its current and former employees in selling their stocks to investors. As the operation was completed, OpenAI\u2019s valuation grew from $300 billion to $500 billion.<\/li>\n<li>According to Artemis CEO Jon Ma, if Tether were to go public, it would have had a $515 billion value. However, the Tether CEO Paolo Ardoino hasn\u2019t expressed interest in going public yet.<\/li>\n<li>Despite being the startup with the highest market cap, OpenAI is still an unprofitable company. By some estimates, OpenAI may spend trillions of dollars on building data centers.\u00a0<\/li>\n<li>Simultaneous boost of OpenAI and the stablecoin space may speed up the mass adoption of OpenAI\u2019s products.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">OpenAI is in its transition phase<\/h2>\n<p>According to Bloomberg\u2019s unnamed source, stock buyers <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-02\/openai-completes-share-sale-at-record-500-billion-valuation\" rel=\"nofollow\">included<\/a> Thrive Capital, SoftBank Group Corp., T. Rowe Price, Dragoneer Investment Group, and Abu Dhabi\u2019s MGX. The latter company\u2019s reps called MGX a core partner to OpenAI.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">OpenAI is now the world&#8217;s most valuable startup. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/yQkVzW2l5i\">pic.twitter.com\/yQkVzW2l5i<\/a><\/p>\n<p>\u2014 Brew Markets (@brewmarkets) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/brewmarkets\/status\/1973737078510047331?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 2, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>OpenAI topped the list of the most valued companies amidst negotiations with Microsoft Corp. aimed to turn OpenAI into a more conventional for-profit company.\u00a0<\/p>\n<p>In August, OpenAI released a gpt-oss app that can run on user devices for free. Use cases include data analysis, trading bots, and others. The app can be seen as a DeepSeek competitor whose breakthrough LLM was released earlier this year.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Currently, the company is promoting its iOS app Sora 2, a video-generating tool released on Sep. 30.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Sora 2 is here. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/hy95wDM5nB\">pic.twitter.com\/hy95wDM5nB<\/a><\/p>\n<p>\u2014 OpenAI (@OpenAI) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/OpenAI\/status\/1973075422058623274?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 30, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>For OpenAI, a dramatic increase in its funds is crucial as the company\u2019s competitors (first of all, Meta Platforms Inc.) aggressively try to seduce OpenAI\u2019s employees via more generous paychecks. In June 2025, OpenAI CEO Sam Altman <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/sam-altman-says-meta-offered-100-million-bonuses-openai-employees-2025-06-18\/\" rel=\"nofollow\">claimed<\/a> Meta Platforms offered his startup workers $100 million bonuses if hired. This marks how high the stakes are at the AI talent hunt.<\/p>\n<p>Initially, OpenAI was started as a non-profit organization aimed at benefiting humanity through the use and development of artificial intelligence. How, with an app like Sora 2 under the belt, the initial goals of the company are questioned. As AI-generated, realistically looking videos are hitting social media, many people express <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.inc.com\/joe-procopio\/its-official-the-world-doesnt-want-ai-generated-content\/91221611\" rel=\"nofollow\">disdain<\/a> about them.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">OpenAI in 2021: \u201cwe want to cure brain cancer\u201d<\/p>\n<p>OpenAI in 2025: \u201cwe\u2019re becoming brain cancer\u201d <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/Luno8BqpHS\">https:\/\/t.co\/Luno8BqpHS<\/a><\/p>\n<p>\u2014 Chris Bakke (@ChrisJBakke) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ChrisJBakke\/status\/1973011667517858116?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 30, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The disruptive effects of ChatGPT have contributed to the AI breakthrough of the 2020s, drawing both praise and criticism and raising a lot of new questions, like AI taking humans\u2019 jobs, AI-made art, etc.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">AI agents and stablecoins<\/h2>\n<p>Much is being said about how stablecoins and AI agents will boost each other\u2019s adoption. As stablecoins are typically seen as a perfect on-ramp in the crypto space, now, they are also seen as an AI world gateway currency. The main reason for this is that stablecoins can scale with the fast-paced AI development.\u00a0<\/p>\n<p>On the one hand, stablecoins are borderless, cheap, and fast enough to go hand in glove with the AI boom. On the other hand, they are getting adopted by the traditional finance sector, onboarding masses of people effortlessly. It is expected that stablecoins may become the handiest tool for monetization of bots.<\/p>\n<p>As autonomous AI agents start making financial decisions on behalf of humans and organizations, they will need money. Many experts see stablecoins as the perfect fit for such a case, as stablecoin payments won\u2019t need human participation.\u00a0AI agents won\u2019t be able to use fiat money, as they cannot be KYCed. That\u2019s where stablecoins enter the arena.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">AI can\u2019t hold bank accounts. \ud83c\udfe6\u274c<\/p>\n<p>Stablecoins don\u2019t care.<a href=\"https:\/\/twitter.com\/zcabrams?ref_src=twsrc%5Etfw\">@zcabrams<\/a> explains why AI + stablecoins could be the next internet + credit cards moment. <a href=\"https:\/\/t.co\/EAcqaEreVV\">pic.twitter.com\/EAcqaEreVV<\/a><\/p>\n<p>&mdash; Laura Shin (@laurashin) <a href=\"https:\/\/twitter.com\/laurashin\/status\/1973765115699773587?ref_src=twsrc%5Etfw\">October 2, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The Galaxy Digital CEO, Michael Novogratz, <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-03\/ai-agents-will-become-biggest-stablecoin-user-says-novogratz\" rel=\"nofollow\">predicts<\/a> that \u201cin the not-so-distant future, the biggest user of stablecoins is going to be AI.\u201d<\/p>\n<p>According to him and other experts, most of the stablecoin transactions will be made by AI agents. As for now, the <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"http:\/\/cex.io\/\" rel=\"nofollow\">CEX.io<\/a> researchers point out that bots are responsible for 70% of stablecoin circulation volume.<\/p>\n<p>Given all that, the growing fund base of OpenAI may speed up the development and mass adoption of its products. At the same time, stablecoin regulatory improvements may bring us closer to the point where both technologies will unite to shape the new financial reality.<\/p>\n<p>Such laws as MiCA and the GENIUS Act in Europe and the U.S., respectively, help stablecoin issuers to better understand how to maintain their business. China and other huge economies are considering joining the race too.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI employees sold $6.6 billion of company stock to investors. The company\u2019s value spiked to $500 billion, leaving Elon Musk\u2019s $400 billion worth of SpaceX behind. It happened only a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12524"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12524\/revisions"}],"predecessor-version":[{"id":12525,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12524\/revisions\/12525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11694"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}