Key Takeaways
- A significant 31 of the 50 most valuable private companies are located in the United States.
- AI-centric firms like OpenAI, Anthropic, xAI, and Safe Superintelligence rank among the highest in value.
- China boasts 8 companies on the list, including ByteDance, Xiaohongshu, DJI, and Yuanfudao, highlighting their strength in consumer tech and hardware.
The competition to create the next wave of global leaders is heating up. While public markets often take center stage, private companies are quietly amassing substantial valuations and influencing the future of various industries. This report ranks the world’s 50 most valuable private companies in 2025, showcasing emerging powerhouses across nations and sectors.
Data & Discussion
The data for this report is sourced from CB Insights, which ranks private companies worldwide based on their latest reported valuations.
| Rank | Company | Country | Valuation ($B) |
| 1 | 🚀 SpaceX | United States | $350 |
| 2 | 📱 ByteDance | China | $300 |
| 3 | 🧠 OpenAI | United States | $300 |
| 4 | 💳 Stripe | United States | $70 |
| 5 | 👗 SHEIN | Singapore | $66 |
| 6 | 📊 Databricks | United States | $62 |
| 7 | 🤖 Anthropic | United States | $62 |
| 8 | 🌌 xAI | United States | $50 |
| 9 | 💱 Revolut | United Kingdom | $45 |
| 10 | 🎨 Canva | Australia | $32 |
| 11 | 🏈 Fanatics | United States | $31 |
| 12 | 🛡️ Safe Superintelligence | United States | $30 |
| 13 | 🏦 Chime | United States | $25 |
| 14 | 🎮 Epic Games | United States | $23 |
| 15 | 🧭 Miro | United States | $18 |
| 16 | 📸 Xiaohongshu | China | $17 |
| 17 | 🧾 Rippling | United States | $17 |
| 18 | 📚 Yuanfudao | China | $16 |
| 19 | 📷 DJI Innovations | China | $15 |
| 20 | 💬 Discord | United States | $15 |
| 21 | 🛍️ Gopuff | United States | $15 |
| 22 | 🥤 Yuanqi Senlin | China | $15 |
| 23 | 💸 Ripple | United States | $15 |
| 24 | 🛒 Klarna | Sweden | $15 |
| 25 | 🛰️ Anduril | United States | $14 |
Note: Scale AI’s recent deal with Meta isn’t reflected in the source data. Scale is now valued at approximately $29 billion, which would place it in 14th position.
Artificial Intelligence on the Rise
AI startups are increasingly dominating the top 10, with OpenAI at third ($300 billion), Anthropic at seventh ($62 billion), and xAI at eighth ($50 billion). These companies have produced some of the most advanced AI models in recent years.
Further down the list, we find Safe Superintelligence at $30 billion, founded by former employees of OpenAI and Anthropic, alongside Scale AI, which recently saw Meta acquire a 49% stake. Though this deal isn’t included in the original dataset, it boosts Scale’s valuation to $29 billion, moving it to 14th place.
Additionally, many companies leverage AI applications, even if it’s not their primary focus. Notable mentions include Databricks (a data analytics platform), Grammarly (which employs generative AI for its writing tools), and Colossal (a biotechnology firm focused on de-extinction).
