Thread · 3 stories · Mar 3 – Jul 14 · concluded
The largest private round in history, then a confidential S-1 announced pre-emptively, then a proposal to hand Washington 5% of the company.
Jump to timeline ↓OpenAI closed $122B at an $852B post-money valuation, anchored by Amazon, Nvidia and SoftBank. It then filed its S-1 confidentially and announced the fact anyway — "we expect it to leak" — with trillion-plus chatter attached.
The strangest turn came in July: a proposal to give the US government roughly $42.6B of equity, and a framework for rivals to cede similar stakes into a sovereign-wealth vehicle.
