Thrive Capital's 15min Chart Experiences Bollinger Bands Narrowing, Bearish Marubozu Pattern

Thrive Capital's 15-minute chart has triggered a narrowing of Bollinger Bands, accompanied by a bearish Marubozu at 10/02/2025 14:30. This indicates a decrease in the magnitude of stock price fluctuations, suggesting that sellers are currently in control of the market. As a result, it is likely that bearish momentum will continue.

OpenAI has sold $6.6 billion in shares held by current and former employees, according to a recent report from Bloomberg. This sale has significantly boosted OpenAI's valuation to $500 billion, making it the most valuable privately held company to date OpenAI is the world’s most valuable private company after private stock sale^[1]. The sale involved major investors such as SoftBank, Dragoneer Investment Group, Thrive Capital, MGX, and T. Rowe Price, who purchased the shares directly from individuals holding shares or options in OpenAI rather than the company itself.

The sale is notable for its strategic purpose, serving as a powerful retention tool for OpenAI amid increasing competition. Meta's revitalized AI lab has been actively recruiting top engineers from OpenAI, often luring them with substantial signing bonuses. OpenAI's most recent funding round, which occurred in August, saw a $40 billion raise at a $300 billion valuation, with participation from a range of prominent investors including SoftBank, Thrive Capital, T. Rowe Price, and Dragoneer OpenAI is the world’s most valuable private company after private stock sale^[1].

The recent share sale underscores OpenAI's ability to raise cash as needed, a critical resource given its ambitious infrastructure plans. The company has committed to spending $300 billion on Oracle Cloud Services over the next five years, a substantial sum that far exceeds its current revenue or reserves. However, the company's robust fundraising momentum suggests that its financial plans are well-supported OpenAI is the world’s most valuable private company after private stock sale^[1].

In September, Nvidia announced a strategic partnership with OpenAI, investing $100 billion in the company as part of a broader infrastructure initiative. This partnership is part of a broader trend that includes a non-binding agreement between OpenAI and Microsoft, which many saw as a step toward OpenAI's potential conversion into a for-profit entity. However, the company's conversion has not yet been confirmed in court, and the recent share sale could complicate this process if the conversion does not proceed as planned OpenAI is the world’s most valuable private company after private stock sale^[1].

Despite these developments, OpenAI continues to make significant strides in product development. The company recently released its latest Sora 2 video model and accompanying social media feed. In the first half of 2025, OpenAI reported $4.3 billion in revenue while burning through $2.5 billion in cash OpenAI is the world’s most valuable private company after private stock sale^[1].