The World’s Most Valuable Unicorns in 2024

This article is published in collaboration with Visual Capitalist

Ranked: The World’s Most Valuable Unicorns in 2024

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The combined value of the world’s unicorns is $3.8 trillion — surpassing the GDP of India.

In this graphic, we show the most valuable unicorn companies in the world as of October 2024, according to Carbon Finance, CB Insights, and Bloomberg.

What is a Unicorn Company?

A unicorn refers to a privately-held startup valued at over $1 billion. The term was coined by Aileen Lee, founder of Cowboy Ventures, in 2013.

“We wanted the term to feel special because it’s rare, almost magical, to build a unicorn company,” Lee told TechCrunch.

Some well-known (former) unicorns include Airbnb, Uber, Robinhood, and Instacart.

TikTok Developer is the Most Valuable Unicorn

Chinese TikTok developer ByteDance tops the ranking with a valuation exceeding $225 billion.

The company has faced pressure to sell its U.S. operations to a U.S. firm due to concerns over the Chinese government’s potential access to TikTok’s vast user data. Currently, around 50% of Americans use TikTok, and 14% of U.S. adults regularly get news from the platform.

In second place, Elon Musk’s SpaceX has a valuation of $200 billion. The company is a primary launch service provider for NASA and the Pentagon, with over 7,000 satellites launched.

Following the success of ChatGPT, OpenAI has emerged as the third most valuable unicorn. The company recently announced it has raised $6.6 billion in new funding, achieving a $157 billion post-money valuation.

Overall, six of the 10 most valuable unicorns are based in the United States.

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