OpenAI 最大规模内部造富：600 人合计套现 66 亿美元，75 人顶格拿走 3000 万

链捕手2026-05-11 tarihinde yayınlandı2026-05-11 tarihinde güncellendi

Özet

《华尔街日报》披露，OpenAI在去年10月的一次内部员工股票出售中，创造了硅谷未上市公司史上最大规模的造富事件。超过600名现任和前任员工参与，合计套现约66亿美元。由于外部投资者需求旺盛，公司已将个人套现金额上限从1000万美元大幅提升至3000万美元，其中约75人直接拿满了顶格额度。此次交易以5000亿美元的估值完成。OpenAI总裁Greg Brockman在近期法庭作证中确认，其持有的公司股权价值约300亿美元。根据报道，员工整体持有公司约26%的股权，人均股票薪酬水平远超历史上其他大型科技公司上市前的标准。 OpenAI的估值仍在飞速增长，今年3月以8520亿美元估值完成巨额融资。公司月收入已达20亿美元，并正筹备于2026年第四季度进行IPO，目标估值可能达到1万亿美元，届时或将再次刷新财富纪录。

作者:克洛德,深潮 TechFlow

深潮导读:《华尔街日报》曝光了 OpenAI 内部的造富规模。去年 10 月的一场员工股票出售中,公司将个人套现上限从 1000 万美元上调至 3000 万美元,超过 600 名现任和前任员工参与,合计套现 66 亿美元,约 75 人直接拿满顶格额度。总裁 Brockman 本周在法庭上确认其持股价值约 300 亿美元。硅谷历史上从未有一家未上市公司在 IPO 前制造出如此密集的千万富翁群体。

图源:华尔街日报

过去的硅谷,普通员工想暴富通常只有一条路:等公司上市。OpenAI 正在改写这条规则。

据《华尔街日报》报道,在去年 10 月完成的一场内部股票交易中,OpenAI 允许员工每人最高出售 3000 万美元的股份,超过 600 名现任和前任员工参与,共计套现约 66 亿美元。知情人士透露,其中约 75 人直接拿满了 3000 万美元的顶格额度。这是迄今为止科技行业规模最大的单次员工股票出售事件。

套现上限翻三倍,外部投资者需求推高额度

OpenAI 原本为员工设定的单次套现上限为 1000 万美元。但由于外部投资者需求远超预期,公司在去年秋季将额度上限直接翻了三倍至 3000 万美元。

这场交易以 5000 亿美元的估值完成,投资方包括 Thrive Capital、软银、Dragoneer Investment Group、阿布扎比 MGX 及 T。 Rowe Price 等机构。据 CNBC 此前报道,OpenAI 最初规划的出售规模约 60 亿美元,后扩大至 103 亿美元,但最终实际成交约 66 亿美元。公司内部将较低的参与率解读为员工对长期前景的信心投票。

按照 OpenAI 的规定,员工入职满两年即可出售股份。这意味着许多在 2022 年底 ChatGPT 发布后才加入的员工,在这轮交易中首次获得了兑现期权的机会。OpenAI 的股票价值在过去七年里增长了超过 100 倍。

Brockman 法庭确认持股 300 亿美元,Musk 律师追问不放

高管手中的财富规模更为惊人。据 NBC 报道,OpenAI 总裁兼联合创始人 Greg Brockman 在 5 月 4 日的法庭作证中确认,他目前持有的 OpenAI 股权价值约为 300 亿美元。

这一数字是在马斯克诉 OpenAI 案的第四天庭审中披露的。马斯克的律师 Steven Molo 在超过两小时的质询中反复提及这一数字,追问 Brockman 为何未曾兑现当初承诺的 10 万美元捐款,却坐拥 300 亿美元身家。据 CNBC 报道,Brockman 承认「我确实没有最终捐款,这是事实」。

据 Fortune 报道,马斯克的法律团队还揭示了 Brockman 与 CEO Sam Altman 之间多层财务关联:Altman 早在 2017 年向 Brockman 提供了其家族办公室中价值约 1000 万美元的权益;Brockman 还持有 AI 芯片初创公司 Cerebras 和核聚变公司 Helion Energy 的股份,而 OpenAI 曾讨论收购 Cerebras,Altman 则在 Helion 投入了数亿美元。马斯克方面主张,这些交叉持股损害了 Brockman 作为受托人的独立性。

员工持股 26%,人均纸面财富超多数 VC 基金总回报

去年 10 月完成的公司重组后,OpenAI 员工合计持有公司约 26%的股权。

据 StartupHub 的分析,大约 165 名现任和前任员工合计持有价值约 1649 亿美元的股权,平均每人约 10 亿美元的纸面财富,超过了多数风投基金的全周期总回报。

据《华尔街日报》和数据机构 Equilar 的分析,OpenAI 在 2025 年的人均股票薪酬约为 150 万美元,是谷歌 2004 年 IPO 前的 7 倍多,是过去 25 年 18 家大型科技公司上市前一年平均水平的 34 倍。

该公司的股权激励支出占预计收入的比例接近一半,远超 Palantir、Meta 和 Salesforce 等同行。

852 亿美元估值、万亿 IPO 在望,造富机器远未停转

OpenAI 今年 3 月 31 日以 8520 亿美元的估值完成了 1220 亿美元的融资,刷新硅谷历史上最大单轮私募纪录。亚马逊出资 500 亿美元领投,英伟达和软银各投 300 亿美元。公司目前月收入达 20 亿美元,ChatGPT 周活跃用户超过 9 亿,付费订阅用户超 5000 万。

据多家媒体报道,OpenAI 正筹备于 2026 年第四季度启动 IPO,目标估值可能触及 1 万亿美元。若成行,这将成为史上最大的科技公司 IPO 之一。CFO Sarah Friar 此前在达沃斯表示,公司计划向散户投资者分配部分 IPO 份额。

İlgili Sorular

Q去年10月OpenAI的员工股票出售事件中，大约有多少名员工参与，合计套现了多少钱？

A超过600名OpenAI的现任和前任员工参与了去年10月的股票出售，合计套现约66亿美元。

QOpenAI在去年10月的员工股票出售中，将个人套现上限从多少提高到了3000万美元？

AOpenAI将个人套现上限从1000万美元提高到了3000万美元。

Q在法庭作证中，OpenAI总裁Greg Brockman确认其持有的公司股权价值约为多少？

AOpenAI总裁兼联合创始人Greg Brockman在法庭作证中确认，他目前持有的OpenAI股权价值约为300亿美元。

Q根据报道，OpenAI员工合计持有公司约多少比例的股权？

A去年10月公司重组后，OpenAI员工合计持有公司约26%的股权。

QOpenAI正筹备于何时进行首次公开募股，目标估值可能达到多少？

A据多家媒体报道，OpenAI正筹备于2026年第四季度启动IPO，目标估值可能触及1万亿美元。

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