OpenAI becomes world’s third most valued firm with $300m net worth after SpaceX, ByteDance

After closing a $40 billion fundraising deal from SoftBank, Sam Altman‘s OpenAI is now valued at $300 billion, making it one of the most valuable private companies in the world. The top spot is held by Elon Musk’s SpaceX (at around $350bn) and the second spot is held by by ByteDance, the parent company for TikTok (at around $315bn).

After this round, OpenAI is worth more than most private giants, including Chevron ($294bn), Salesforce ($257bn), McDonald’s ($223bn), Pepsico ($205bn) and Samsung($263bn).