AI boom propels private Mag7 to $1.2T
CNBC · Just In
CNBC
Just In
CNBC’s MacKenzie Sigalos reports that exclusive Forge Global data shows valuations for OpenAI, SpaceX, Anthropic, xAI, Databricks, Stripe and Anduril have nearly doubled to $1.2 trillion in the last year, highlighting AI’s powerful pull on private capital.
Breakdown
- Valuations of the private 'Magnificent 7' have nearly doubled to $1.2 trillion. 12s
- OpenAI and Anthropic have surpassed Stripe and Databricks in valuation, trailing only SpaceX. 22s
- The combined value of these companies has quadrupled since late 2022. 50s
- Nineteen AI firms have raised $65 billion this year, accounting for 77% of all private market capital raised. 1m 10s
- Median valuations in the broader private market are trending back toward pre-downturn levels. 1m 25s