The tech landscape is witnessing a shift towards “hectocorns,” startups valued at $100 billion or more, moving beyond the original “unicorn” status of $1 billion. Leaders in this emerging category include OpenAI, with a soaring valuation projected at $750 billion; SpaceX, aiming for an $800 billion valuation amidst plans for a 2026 IPO; and Anthropic, recently valued at $183 billion, with potential growth following increased investment from Google. Other notable entrants are ByteDance, currently valued at $330 billion due to the success of TikTok, and Databricks, surpassing $134 billion through recent funding. Stripe has just made the cut into hectocorn territory with a valuation of $106.7 billion, while Elon Musk’s xAI aims for rapid valuation growth. This evolution in tech valuations signals a rapidly changing market landscape, offering insights into future investment opportunities and the dynamics of tech entrepreneurship.
Source link
