The Magnificent 7 'Unicorns': Startups That Dominate Private Markets
First, there was the Magnificent 7 of publicly traded companies: Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NYSE:MSFT), Nvidia Corporation (NASDAQ:NVDA), Amazon.com, Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META) and Tesla Inc. (NASDAQ:TSLA).
Private Magnificent 7: U.S. Startup Unicorns
Now, there is the Private Magnificent 7 of U.S. companies in the innovation space, according to private market platform Forge Global Holdings (NYSE:FRGE). Forge has identified these startup “unicorns” — privately owned startups that are valued at $1 billion or more — as SpaceX, OpenAI, Stripe, Inc., Databricks, Fanatics, Inc., Scale AI and Rippling.
These companies, like their publicly traded counterparts, have shown “superior growth and remarkable resilience” during the Great Reset period of lowering valuations over the last 2.5 years, Forge said.
"While the post-2021 market downturn was undoubtedly a challenging period for the private market, the Private Magnificent 7 proved resilient," said CEO of Forge Global.
Forge believes these companies reflect the current and emerging themes of private investing and are driving the secular growth of the U.S. innovation economy. The Private Magnificent 7 collectively account for $382 billion in implied valuation, according to latest Forge data on its website.
Though it is 30 times smaller in valuation than the public Magnificent 7, the Private Magnificent 7 has outperformed the listed companies by 16.9% in the past year, Forge said. Over the last 12 months, the private Magnificent 7’s price performance rose 55.3% versus the public group of companies’ price performance growing 38.4% in the same period.
Valuations of the Private Magnificent 7
Here is a rundown of the valuations for the Private Magnificent 7, according to latest Forge data:
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