OpenAI Employees Cash Out $6.6B in $30M Cap Sale
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- OpenAI let over 600 current and former employees sell shares in a $6.6 billion secondary sale in October 2025, after a two‑year waiting period.
- Employees could cash out up to $30 million each, and roughly 75 of them hit that maximum cap.
- The sale minted roughly 75 multimillionaires, each receiving the full $30 million allotment.
- Coverage across outlets such as the Wall Street Journal, MarketWatch, and Newser reported the $6.6 billion secondary sale and the $30 million cap per employee.
Why it matters: The $6.6 billion secondary sale created 75 multimillionaires among early OpenAI staff, showing that insiders are cashing out large amounts before the IPO, and underscores a significant concentration of wealth among insiders before the IPO, highlighting the scale of internal cash-outs.
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