OpenAI lets employees cash out another $7 billion in stock

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By Vane August 11, 2026 1 min read
OpenAI lets employees cash out another $7 billion in stock

OpenAI has completed a stock buyback programme allowing current and former staff to sell approximately $7 billion in shares. The company currently values itself at $852 billion, a figure used to set the sale price for employees who have held stock since the $122 billion funding round in March. This tender offer aims to provide liquidity for workers ahead of a delayed initial public offering.

Previous similar sales in October 2025 saw around 75 employees cash out up to $30 million each, contributing to wider wealth concentration within the sector. High salaries in San Francisco are now driving rental costs to levels where even top earners struggle to find accommodation. Wealthy families are increasingly sending children to private schools focused on artificial intelligence, with annual fees reaching $75,000.

* Previous sales in October 2025 involved roughly 75 participants.
* Annual fees for AI-focused private schools can reach $75,000.
* San Francisco rental costs are rising due to high industry salaries.

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