# unicorns

From Chatbots to Rockets: How Eight Private Giants Are Rewriting the Rules of Global Tech Infrastructure

A small set of private companies now commands valuations normally associated with public tech giants, and their worth derives less from single products than from durable infrastructure — compute and model stacks, satellite and launch networks, payment rails, logistics and urban transport systems. The recent SpaceX–xAI deal and Waymo’s funding round illustrate a market reappraising which startups are foundational, reshaping commercial competition and regulatory priorities globally.