What is a Unicorn Company?
The term unicorn refers to a privately-held startup company with a value of over $1 billion.
- Chinese TikTok developer ByteDance tops the ranking with a valuation exceeding $225 billion.
- In second place, Elon Musk’s SpaceX has a valuation of $200 billion. The company is a primary launch service provider for NASA and the Pentagon, with over 7,000 satellites launched.
- OpenAI is now the third most valuable unicorn, with a $157B valuation, behind SpaceX and ByteDance.
- Six of the ten most valuable unicorn companies are from the U.S.