# OpenAI 以 8520 亿美元估值回购 70 亿美元员工股

- 来源：Rohan Paul (@rohanpaul_ai)
- 发布时间：2026-08-12 02:27
- AIHOT 分数：64
- AIHOT 链接：https://aihot.virxact.com/items/cmsp0j1vd027zrortekyq7o5i
- 原文链接：https://x.com/rohanpaul_ai/status/2087244484971221216

## AI 摘要

OpenAI 以 8520 亿美元估值自行回购约 70 亿美元员工股份，与此前由软银、Thrive Capital 等外部投资者接盘的方式不同。此次要约收购让现任及前任员工无需等待上市即可将部分股权变现。上一轮员工售股规模约 66 亿美元、估值 5000 亿美元，本轮估值更高且流动性来源发生根本变化。

## 正文

Bloomberg: OpenAI bought back roughly $7B of employee shares itself at a $852B valuation.

That differs from earlier employee sales, where outside investors including SoftBank and Thrive Capital bought the stock.

For current and former employees, the tender converts part of their private-company equity into cash without waiting for a public listing.

OpenAI's previous major employee sale moved about $6.6B of stock to investors at a $500B valuation, making the latest transaction both larger in valuation and fundamentally different in who supplied the liquidity.