SpaceX leads U.S. private company valuations at $180 billion, followed by Stripe and Databricks. These companies have chosen to stay private despite valuations rivaling public market giants.
The Data
The largest private companies in America have valuations that would make them Fortune 500 members if they were public. Many have chosen to delay IPOs, enjoying the benefits of private ownership while accessing massive funding rounds.
| Rank | Company | Valuation | Industry |
|---|---|---|---|
| 1 | SpaceX | $180B | Aerospace |
| 2 | Stripe | $95B | Fintech |
| 3 | Databricks | $62B | Data/AI |
| 4 | OpenAI | $80B | AI |
| 5 | Anduril | $14B | Defense |
Analysis
SpaceX dominates. Elon Musk's rocket company has a valuation nearly double its closest competitor, driven by Starlink's growth and NASA contracts.
AI is the new frontier. OpenAI and Databricks represent the massive investor appetite for artificial intelligence companies.
Methodology
Valuations based on most recent funding rounds and secondary market transactions as reported by Forbes and PitchBook.