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At $500 billion, 鈥檚 latest valuation is higher than the of more than three-fourths of all nations on Earth.

We won鈥檛 opine on whether the business鈥� fundamentals merit that pricetag. However, we will note that it鈥檚 the most dramatic example of a broader trend: Hot private companies posting huge and often sharply rising valuations.

For now, OpenAI has clinched first place as the most valuable private company. But, per 附近上门 data, there are also at least five more private, venture-backed U.S. companies with valuations exceeding $100 billion.

Below, we鈥檝e ranked the top five other companies, including a look at how their valuations have risen in recent quarters

• : Founded in 2002, Hawthorne, California-based SpaceX is no longer a startup. However, it is the second-most highly valued U.S. private, venture-backed company. The company was reportedly poised to hit around a this summer in a secondary transaction. It hit a reported $350 billion valuation in a secondary share sale late last year.
• : Generative AI startup Anthropic has certainly been moving up the ranks. The San Francisco company secured a $183 billion valuation for its $13 billion Series F round a month ago. The new round nearly tripled its valuation from March, when it raised $3.5 billion at a $61.5 billion valuation.
• : Payments infrastructure provider Stripe reportedly an all-time-high $106.7 billion valuation last month. That鈥檚 up from the $91.5 billion valuation for a February tender offer aimed at providing liquidity to current and former employees.
• : GenAI startup xAI is one of the more complicated companies for ascertaining valuation, particularly in the wake of founder 鈥檚 to merge it with the social media platform earlier this year. In that combination, Musk set an $80 billion valuation for xAI and a $33 billion valuation for X. Last month, the combined company was to be securing a $200 billion valuation for a $10 billion financing, but Musk later that this was 鈥渇ake news.鈥�
• : San Francisco-based data intelligence platform Databricks鈥� latest financing, a Series K, sets a $100 billion valuation for the 12-year-old company. That鈥檚 up sharply from January, when Databricks completed a $10 billion in Series J equity financing at a $62 billion valuation.

Private valuations taking cues from public markets

Given that many large-cap public tech companies have seen large share-price hikes in recent months, particularly for those perceived as leaders in AI, it鈥檚 not entirely a shocker to see the most high-profile private companies getting valuation boosts as well.

Still, it鈥檚 worth noting that these are unusually large gains in the space of a few months, particularly for GenAI leaders. At current levels, they鈥檙e certainly priced with high expectations for future performance.

Related reading:

• OpenAI鈥檚 $6.6B Secondary Share Sale Gives It Record $500B Startup Valuation, Topping SpaceX
• The 附近上门 附近上门
• Unicorn Valuations Crest Higher

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