Top 10 largest unicorns in the world 2025–26: SpaceX–xAI merger at $1.25 trillion; India’s most valuable unicorns revealed

OpenAI currently tops global unicorn rankings based on valuation in 2025. Other prominent US unicorns, such as SpaceX, Anthropic, Databricks, Stripe, xAI, and Figure, also feature on the list.

Collectively, these companies have seen their valuations rise by an estimated 450 per cent in recent years, now representing about 24 per cent of total global unicorn value.

Elon Musk-founded ventures SpaceX and Artificial Intelligence and social media company xAI have been merged in a deal valued at approximately US$1.25 trillion, according to a recent report by The Guardian.

Chinese internet media company ByteDance, the parent of TikTok, stood as the world’s third most valuable unicorn in 2025, with a valuation of around $300 billion recorded in its home country.

It accounts for approximately 12 per cent of global unicorns by number, with a combined valuation of $690 billion in 2025.

Top 10 most valuable unicorns in the world 2025:

An outlook of India’s unicorn ecosystem:

India positioned itself as a significant player in the global unicorn ecosystem, being home to 66 unicorns — about 5 per cent of the global total in 2025.

Representing approximately 3 per cent of total global unicorn valuation, the combined valuation of India’s leading unicorns contributed an estimated 4 per cent to national GDP and exceeded $24 billion in value, driven primarily by its unicorn companies Oyo Rooms, Dream11, and Razorpay.