Top 5 Unicorns: SpaceX, OpenAI, Anthropic Lead $60B AI Boom

Anthropic is closing in on a landmark funding deal that would value the AI startup at $60 billion, propelling it into the elite ranks of the top five most valuable unlisted companies in the United States. Remarkably, three of these five unicorns are AI companies, underscoring the explosive growth and investor appetite for artificial intelligence ventures.

The funding round, led by Lightspeed Venture Partners, comes as Big Tech and startups continue pouring unprecedented capital into AI development. According to UBS, Big Tech companies were on track to spend $222 billion on AI infrastructure and projects in 2024 alone. This massive investment wave reflects the transformative potential of generative AI technology across industries.

The top five most valuable unlisted companies showcase AI’s dominance:

  1. SpaceX ($350 billion) - Elon Musk’s aerospace manufacturer secured its position through a $1.25 billion deal in December
  2. OpenAI ($157 billion) - The ChatGPT creator nearly doubled its valuation from $86 billion after an October funding round
  3. Stripe ($70 billion) - The payment processing giant, while not primarily an AI company, is increasingly involved in the AI ecosystem
  4. Databricks ($62 billion) - The cloud-based data and AI company raised $10 billion in December
  5. Anthropic ($60 billion) - The newest entrant, up from just $16 billion in previous valuations

Anthropic, founded in 2021 by former OpenAI employees including CEO Dario Amodei, has emerged as a formidable competitor with its Claude chatbot. While ChatGPT dominates consumer applications, Anthropic has carved out a strong position among developers, particularly for coding tasks. The company is backed by tech giant Amazon, highlighting how established players are investing heavily in AI startups.

The AI boom has created unprecedented opportunities, with ChatGPT alone attracting over 200 million weekly users by August 2024. Even Apple, initially slow to embrace AI, partnered with OpenAI to integrate ChatGPT into Apple Intelligence on new iPhone models, demonstrating how AI has become essential for tech companies’ competitive positioning.

Key Quotes

Generative AI is going to disrupt any software company that exists today

Ali Ghodsi, CEO of Databricks (valued at $62 billion), made this bold prediction to Business Insider, emphasizing the transformative power of AI across the entire software industry and signaling that no technology company can afford to ignore AI integration.

These models are going to change how humans interact with machines and how machines interact with humans

Databricks CEO Ali Ghodsi articulated the fundamental shift AI represents, highlighting that generative AI isn’t just an incremental improvement but a paradigm shift in human-computer interaction that will reshape technology interfaces across all sectors.

Our Take

The rapid ascent of Anthropic to $60 billion valuation reveals a critical dynamic in the AI industry: technical credibility and differentiation command premium valuations. Founded by former OpenAI researchers, Anthropic’s success demonstrates that the AI market rewards teams with deep expertise and distinct approaches, particularly in enterprise and developer-focused applications where Claude has gained traction.

What’s particularly striking is the velocity of capital deployment—$222 billion from Big Tech in a single year represents an investment scale comparable to entire national economies. This suggests we’re still in the early infrastructure-building phase of AI, similar to the internet’s buildout in the 1990s. The presence of three AI companies in the top five unicorns, alongside SpaceX and Stripe, indicates that AI has achieved the same tier of transformational potential as space exploration and digital payments. However, the concentration of capital also raises questions about market sustainability and whether valuations reflect realistic revenue projections or speculative enthusiasm about AI’s future impact.

Why This Matters

This funding milestone represents a pivotal moment in the AI industry’s maturation, demonstrating that investor confidence in artificial intelligence remains extraordinarily strong despite broader economic uncertainties. The concentration of three AI companies among the top five most valuable startups signals a fundamental shift in the technology landscape, where AI capabilities are becoming as critical as traditional infrastructure.

The $60 billion valuation for Anthropic—nearly quadrupling from $16 billion—illustrates the premium investors place on AI companies with differentiated technology and strong technical teams. This matters because it validates the competitive AI landscape beyond OpenAI’s dominance, suggesting the market can support multiple major players with distinct approaches.

For businesses, this investment surge means accelerated AI innovation and more sophisticated tools becoming available across industries. The competition between well-funded AI companies will likely drive down costs while improving capabilities, making advanced AI accessible to smaller organizations. For workers, this signals continued disruption and transformation of job roles, requiring adaptation and upskilling. The $222 billion in Big Tech AI spending also indicates that AI infrastructure and applications will become increasingly embedded in everyday technology, fundamentally changing how we work, create, and interact with digital systems.

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Source: https://www.businessinsider.com/top-5-unicorns-startups-spacex-openai-anthropic-2025-1