PANews reported on October 2nd that Bloomberg, citing sources familiar with the matter, reported that artificial intelligence company OpenAI's valuation reached $500 billion in a new round of secondary stock sales, surpassing SpaceX, which is valued at approximately $400 billion, to become the world's largest startup. In this round of transactions, current and former employees sold $6.6 billion worth of stock to investors including Thrive Capital, SoftBank, and MGX.

The report noted that compared to other crypto companies, OpenAI's $500 billion valuation far surpasses Coinbase (approximately $89 billion), as well as companies like Ripple and Circle. Its closest crypto competitor may be stablecoin issuer Tether. Artemis' CEO estimated in June that Tether's valuation could reach $515 billion if it went public.