The 2026 leaderboard of private-market valuations — built from priced rounds, institutional fund marks, and secondary prints, not press releases.
| # | Company | Industry | Valuation | Raised | 52-wk |
|---|---|---|---|---|---|
| 1 | SpaceX | Aerospace and Defense | $1.6T | $10.1B | +222.0% |
| 2 | OpenAI | Software Development Applications | $1.2T | $178.1B | +91.2% |
| 3 | Anthropic | Business/Productivity Software | $965.0B | $68.2B | +263.3% |
| 4 | Databricks | Business/Productivity Software | $201.6B | $20.6B | +49.2% |
| 5 | xAI | Business/Productivity Software | $250.0B | $47.2B | +85.3% |
| 6 | Stripe | Other Financial Services | $184.4B | $8.7B | +99.6% |
| 7 | Anduril Industries | Aerospace and Defense | $123.9B | $12.0B | +57.5% |
| 8 | Ramp | Financial Software | $60.0B | $2.2B | +146.2% |
| 9 | Neuralink | — | $59.2B | $1.3B | +311.1% |
| 10 | Kalshi | Other Financial Services | $36.4B | $2.5B | +499.0% |
| 11 | Cerebras Systems (NAS: CBRS) | Application Specific Semiconductors | $40.6B | $11.0B | +266.3% |
| 12 | Crusoe | Systems and Information Management | $26.6B | $2.6B | +666.2% |
| 13 | Scale AI | Business/Productivity Software | $29.0B | $15.9B | +33.4% |
| 14 | Fanatics | Commerce | $23.1B | $4.4B | +35.1% |
| 15 | Perplexity AI | Business/Productivity Software | $20.0B | $1.7B | −0.1% |
| 16 | Perplexity | — | $17.7B | $2.3B | −13.7% |
| 17 | Skild AI | Other Hardware | $16.4B | $2.2B | +209.5% |
| 18 | Rippling | Business/Productivity Software | $15.3B | $1.4B | −13.6% |
| 19 | Ripple | Financial Software | $14.8B | $575.1M | −38.1% |
| 20 | SandboxAQ | Artificial Intelligence & Machine Learning | $13.9B | $916.4M | +165.8% |
| 21 | Shield AI | Aerospace and Defense | $13.8B | $2.5B | +117.7% |
| 22 | Polymarket | — | $13.6B | $2.3B | +28.3% |
| 23 | Epic Games | Entertainment Software | $12.5B | $7.5B | −25.9% |
| 24 | Zipline | Logistics | $11.3B | $2.0B | +209.0% |
| 25 | Lambda | Systems and Information Management | $10.7B | $2.4B | +43.5% |
| 26 | Vercel | Software Development Applications | $10.4B | $863.0M | +12.0% |
| 27 | Kraken | Financial Software | $10.0B | $965.0M | −31.3% |
| 28 | Discord | Communication Software | $10.0B | $1.0B | +38.7% |
| 29 | Plaid | Financial Software | $8.0B | $1.3B | +75.0% |
| 30 | Stoke Space | E-Commerce | $10.0B | $1.2B | +272.4% |
| 31 | Replit | Software Development Applications | $9.4B | $854.1M | +183.5% |
| 32 | Netskope | Network Management Software | $8.2B | $1.1B | +58.2% |
| 33 | Whoop | Monitoring Equipment | $7.8B | $958.9M | +301.4% |
| 34 | Abridge | Enterprise Systems (Healthcare) | $6.7B | $758.0M | +26.2% |
| 35 | EquipmentShare | Other Commercial Services | $5.6B | $14.5B | +73.1% |
| 36 | Groq | General Purpose Semiconductors | $20.0B | $672.2M | +51.2% |
| 37 | Glean | Business/Productivity Software | $6.5B | $774.5M | −27.3% |
| 38 | Navan | — | $5.1B | $1.3B | 0.0% |
| 39 | SambaNova | Semiconductors | $6.1B | $1.4B | +299.1% |
| 40 | Verkada | Electronic Equipment and Instruments | $5.7B | $655.5M | +21.8% |
| 41 | Mercury | — | $5.1B | $609.2M | +22.8% |
| 42 | Mercury Technologies | Other Commercial Banks | $3.5B | $565.4M | +27.5% |
| 43 | Upgrade | Consumer Finance | $5.0B | $795.5M | −44.7% |
| 44 | Gusto | Business/Productivity Software | $9.3B | $929.8M | 0.0% |
| 45 | Redwood Materials | Other Materials | $4.7B | $2.2B | −20.3% |
| 46 | Cohesity | — | $4.7B | $2.0B | +0.1% |
| 47 | Lightmatter | Application Specific Semiconductors | $4.6B | $822.5M | +59.4% |
| 48 | PsiQuantum | Computers, Parts and Peripherals | $4.6B | $1.7B | −14.2% |
| 49 | Brex | Financial Software | $4.3B | $1.2B | +25.4% |
| 50 | Arctic Wolf | Network Management Software | $4.2B | $501.3M | 0.0% |
