Q2 2025 Top 30 Index Update: The Musk Effect
The Prime Unicorn 30 completed its quarterly reconstitution for Q2 2025. Below is a quick, fact‑first rundown of the key changes and what they mean for private market participants. Neuralink Joins at $10.7 B Flock Safety Marches to Series H Concentration Check: The Musk Effect Two Elon Musk–led firms now dominate the index’s aggregate valuation: Company Private‑market valuation Share of Top 30 valuation* […]
Olipop vs. Liquid Death: A Fizzy Tale of Financing Fortunes
In the effervescent world of beverage startups, two companies have been bubbling up to the surface: Olipop and Liquid Death. One is riding a wave of success, its valuation soaring like a perfectly popped cork, while the other might be starting to feel the pressure, its growth more akin to a flat soda. Let’s take […]
This Week in the Index — Coreweave’s IPO, Circle Files Publicly, and New Funding Rounds
Here is a quick roundup of notable updates from our component companies: CoreWeave IPO CoreWeave IPO’d on March 28 at $40 per share. After a volatile debut, the stock is now trading around $53. Early investors, including Magnetar, saw strong returns, while others who participated in a late 2024 tender offer at $46.99 may have […]
Schmidt’s Power Play: Analyzing Relativity Space’s Corporate Restructuring
From Class Structure to Common Stock: The Corporate Overhaul The most striking change in Relativity Space’s most recent certificate of incorporation (COI), filed on March 10, 2025, is the complete elimination of the company’s previous dual-class structure. The 2023 filing showed a complex capitalization with Class A and Class B Common Stock plus eight series […]
This Week in the Index: Major Moves from CoreWeave, Anthropic, and Shield AI
This week brought significant developments for several Prime Unicorn Index components, with major fundraising rounds and IPO preparations. Here’s a look at the latest updates: CoreWeave Prepares for a Potential $4 Billion IPO CoreWeave, the AI-focused cloud provider backed by Nvidia, is gearing up for a possible IPO that could raise over $4 billion at […]
The Prime Unicorn 30 Index: Setting the Standard for Private Market Valuation
In today’s dynamic private market landscape, accurate and transparent valuation metrics have never been more crucial. The Prime Unicorn 30 Index stands as a cornerstone for measuring the performance of the leading private companies, built on principles of verifiability, transparency, and deep market expertise. A Foundation of Accuracy The Prime Unicorn 30 Index is a […]
Anthropic’s Share Price Jumps in Series E Filing
Anthropic, one of OpenAI’s biggest competitors, is making waves again with its latest funding round. According to recent reports, the AI startup is in talks to raise $2 billion at a $60 billion valuation, with Lightspeed Venture Partners leading the round. This would cement Anthropic as the fifth most valuable U.S. startup, trailing only SpaceX, […]
ServiceTitan’s IPO and the Power of IPO Ratchets
ServiceTitan (NYSE: TTAN), a Prime Unicorn Index component, makes its public debut today at $71 per share, raising $625M and valuing the company at $6.3B. While this pricing came in above the expected range of $65-67, there’s an interesting detail in its 2022 financing that impacts the final economics. What is an IPO Ratchet? An […]
This Week in the Index: Amazon’s $4B Anthropic Investment, Tender Offers, ServiceTitan IPO, and more
It’s been a busy week for Prime Unicorn Index components, with significant investments, acquisitions, tender offers, and IPO preparations. Here’s a look at the latest developments. Amazon’s $4 Billion Investment in Anthropic On November 22, Amazon announced an additional $4 billion investment in Anthropic, the third largest component of the Prime Unicorn Index. This latest […]
This Week in the Index: Lightmatter Raises $400M, Acquisitions, and More
The Prime Unicorn Index has recently shown more signs of recovery, with Lightmatter raising a $400 Series D, components making acquisitions, and multiple valuation bumps following secondary transactions. Let’s take a look. Lightmatter’s Series D On October 16, Lightmatter announced that it had raised a $400 million Series D round at a $4.4 billion post-money […]