With unicorns so lousy around the place like they’re pigeons in Central Park, it’s time to consider a new class of company: let’s talk hectocorns, or private companies worth at least $100 billion. Right now, there are three of them:
SpaceX,the American rocket ship company, currently valued at $350 billion;OpenAI,the closest that the emerging AI industry has to a blue chip, valued at $300 billion per CB Insights;ByteDance, the TikTok owner, a Chinese company also valued at $300 billion;
And potentially joining the club, as the Financial Times reports it’s looking to fundraise with eyes toward a $113 billion market cap, is xAI, Elon Musk’s AI venture.
The list isn't too long... Why am I not surprised by the names? :)
Same lol hectocorn is a funny name