Welcome to the hectocorn era: 7 tech startups valued at $100 billion or more [Business Insider]
Tesla, Inc. (TSLA)
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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Tech unicorns valued at $1 billion aren't all that special anymore. The hectocorn, companies valued at $100 billion or more, are the hot new thing. OpenAI, SpaceX, and Anthropic are leading the way with multi-centibillion-dollar valuations. Nearly two decades ago, tech startups used to chase the distinct pedigree of being a unicorn — reaching a $1 billion valuation. Now, fast-growing tech startups like OpenAI and SpaceX have shifted the goal posts by hundreds of billions of dollars. The era of the hectocorn has arrived. It is a small but growing club, and you must be valued at more than $100 billion to qualify. The next company to join the list could be Waymo , the self-driving robotaxi startup owned by Alphabet Inc. The autonomous automaker is in talks to raise billions in a new round of funding that could send its value soaring past $
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