The Shift to Private Companies

Many tech companies are choosing to remain private for extended periods, with significant implications for the market. The number of publicly traded companies in the U.S. has halved over the past two decades, largely due to the caution stemming from the dot-com bubble burst. Businesses like Stripe, valued at around $70 billion, and SpaceX, worth approximately $350 billion, exemplify this trend as they opt to capitalize on their growth without the pressures of public scrutiny. Staying private allows these companies to focus on long-term growth rather than short-term performance metrics typically demanded by public investors.