Sources: OpenAI let 600+ current and former employees sell their shares in a $6.6B secondary sale in October 2025; ~75 people cashed out the maximum cap of $30M
Employees waited two years to sell their shares. Then, the company let them unload $30 million.
Wall Street Journal Berber Jin
Related Coverage
- OpenAI Employees Cash Out $30 Million Each Before IPO Seoul Economic Daily · Park Yoon-sun
- Why 600 OpenAI workers just sold $6.6B in stock crypto.news · Olivia Stephanie
- OpenAI let employees cash out up to $30 million each in share sale last year: Report The Economic Times
- OpenAI Staff Cash Out $6.6 Billion Before IPO — 75 Employees Hit $30M Limit Blockonomi · Trader Edge
- There's a new top target for the S&P 500 as the ‘melt-up’ intensifies MarketWatch · Jamie Chisholm
- OpenAI's internal share sale minted roughly 75 multimillionaires who each cashed out the $30 million cap The Decoder · Matthias Bastian
- OpenAI reportedly let employees sell up to $30m in shares each Tech in Asia · Naomi Li Gan
- OpenAI Lets Staff Sell $30M Each in October Employee Tender Program Implicator.ai · Marcus Schuler
- Some Early OpenAI Workers Became Very, Very Rich Newser · John Johnson
- OpenAI employees are cashing out their shares, dozens making $30 million each Sherwood News · Jon Keegan
- OpenAI's Internal Share Sale Minted 75 Multimillionaires WinBuzzer · Markus Kasanmascheff
- OpenAI employees cashed out $6.6B in stock sales last fall, earning up to $30M each: report New York Post · Thomas Barrabi
- 600 OpenAI employees scored $6.6 billion in a single day — with 75 of them walking away with $30 million Yahoo Finance · Dave Smith
- AI millionaires are already blowing up San Francisco real estate prices. Wait until the IPOs show up. Business Insider · Peter Kafka
- Bank of America chalks up strong Bay Area growth even as new rivals pounce San Francisco Business Times · Mark Calvey
- Hundreds of OpenAI employees cash out $6.6 billion in shares The American Bazaar · Nileena Sunil
- The $6.6 Billion Payday: Why Hundreds of OpenAI Employees Just Became Millionaires Inc.com · Lucia Auerbach
- Hundreds of OpenAI staff cash out to become millionaires overnight Telegraph · Matthew Field
Discussion
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@y2skot
@y2skot
on bluesky
I'm convinced that the *primary* purpose of this AI frenzy is simply to make founders and senior managers rich in a short amount of time. — I've yet to hear any of these billionaire tech-bro AI evangelist-founders offer a cogent vision for AI. — Or acknowledge the dangers and…
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@wholemars
@wholemars
on x
RIP Bay Area home buyers
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@jeffreyleefunk
Jeffrey Lee Funk
on x
Yes, a lottery ticket. The biggest losses of any startup ever. Even OpenAI claims it won't be profitable for at least five years, yet employees can sell up to $30 million worth of shares. It may never be profitable; great symbol of income inequality. https://www.wsj.com/...
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@lukeburgis
Luke Burgis
on x
I don't think anyone in the world of philanthropy has figured out the world we are about to enter
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@ayushjaiswal
Ayush Jaiswal
on x
Get a house in sf while you still can.
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@beffjezos
@beffjezos
on x
VCs are about to have a ton of new LPs
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@shakeelhashim
Shakeel
on x
We covered this — with a focus on Anthropic employees — here: https://www.transformernews.ai/ ...
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@dannygroner
Danny Groner
on bluesky
“For most of Silicon Valley's history, startup employees had to wait for an initial public offering before they could sell their shares. But as companies began staying private longer, some workers found themselves sitting on paper fortunes they couldn't touch for long stretches …
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Guillermo Flor
Guillermo Flor
on linkedin
BREAKING: OpenAI employees just cashed out $6.6 billion in stock — More than 600 current and former employees sold shares in October 2025. …
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@yenkel
@yenkel
on x
this explains why there are no more houses available on Marina Blvd
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@pitdesi
Sheel Mohnot
on x
600 OpenAI employees sold an average of $11M each of equity in October Anecdotally it does feel like that's when things started getting particularly nutty in the $5-10M segment of SF real estate
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@katiemiller
Katie Miller
on x
A nonprofit making a lot of people rich!