
Run the Numbers
State of the Private Markets: January 2025
Feb 2, 2025
Dive into the latest insights on private markets with a look at top tech valuations and hiring trends. Discover which companies are rapidly expanding, and who’s facing layoffs. Key players like Databricks, Anduril, and Canva are spotlighted for their transformative impacts. Learn about recent funding rounds and executive hires that could shape the future landscape, plus sector highlights in foundational models, fintech, and autonomous driving. Get the scoop on how private and public valuations are evolving!
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Quick takeaways
- SpaceX has become the most valuable private tech company, highlighting a trend of firms staying private longer due to market volatility.
- Hiring trends in the tech sector reveal significant disparities, with companies like XAI experiencing massive growth while others like Klarna make layoffs.
Deep dives
Valuation Trends in Private Markets
The valuation landscape is shifting in the private tech sector, with SpaceX recently surpassing ByteDance to become the most valuable private tech company globally at $350 billion. This is indicative of a broader trend where companies prefer to stay private longer due to the challenges of public market volatility and the potential for high private valuations. The three private tech companies boasting valuations above $100 billion include SpaceX, ByteDance, and OpenAI. This trend suggests that many firms may find ways to provide liquidity to employees while avoiding the burdens that come with being publicly traded.