OpenAI is a global leader in AI, powering products like ChatGPT that have attracted over 700M weekly active users, making it the fastest-growing consumer application in history.1 This has positioned it among the world’s most valuable private companies and is in talks for a $500B valuation.2 With AI adoption accelerating across industries, OpenAI sits at the center of a trillion-dollar market opportunity in productivity, knowledge work and intelligent software.
SpaceX dominates the commercial space launch market with over 500 successful missions and more than 50% global market share, driven by the cost efficiencies of its reusable Falcon 9 rocket.3 Over the past two years the company’s valuation has increased nearly 170% to around $400B.4 Beyond launch services, SpaceX is scaling Starlink, its global satellite internet service, which has over 6M active customers.5
Anthropic, creator of the Claude family of AI models, has scaled rapidly from just 7 employees in 2021 to over 1,000 today6, while raising more than $24B in funding, including a recent round that pushed its valuation around $177B.7 With approximately 19M monthly active users,8 Anthropic combines commercial traction with a differentiated focus on AI safety and reliability.
xAI, founded by Elon Musk in March 2023, has raised over $17B in funding and achieved a valuation of $113B following its merger with X (fka Twitter).9 The company operates the world’s largest AI supercomputer, Colossus, with hundreds of thousands of GPUs to power its Grok chatbot.10 Positioned at the intersection of real-time AI and social media, xAI is scaling across infrastructure and consumer applications.
Databricks, a leader in intelligent data analytics and AI, has achieved multiple years of growth over 50% and recently surpassed a $100B valuation following a funding round.11 Founded by the creators of Apache Spark, the company now serves over 15,000 global customers and is establishing itself as a key player in the enterprise AI ecosystem by unifying data infrastructure and AI innovation.12
Stripe is a leading payments infrastructure company, processing roughly $1.4T in transactions in 2024 while serving millions of businesses worldwide, including over half of the Fortune 100.13 With a valuation of $91.5B, it has become one of the most valuable fintech companies globally.14 Stripe has achieved scale and continues to reinvest in financial infrastructure, supporting its role in advancing digital commerce.
Anduril, founded in 2017 by Palmer Luckey and others, has quickly established itself in defense AI and autonomy, increasing its valuation to $30.5B after a funding round led by Founders Fund.15 The company now employs over 3,500 people16 Anduril develops autonomous systems intended to enhance military capabilities, contributing to innovations in defense infrastructure.
| Company | Sector | Subsector | Forge Price | Forge Price Valuation | 1-Year Return | 5-Year Return | |
|---|---|---|---|---|---|---|---|
| SpaceX | Industrial | Aerospace & Defense | $240.86 | $455.68B | 91.98% | 928.88% | |
 | OpenAI | Enterprise Software | Data Intelligence | $469.47 | $324.62B | 62.17% | |
 | Anthropic | Enterprise Software | Data Intelligence | $162.15 | $177.80B | 440.50% | |
 | Databricks | Enterprise Software | Data Intelligence | $150.00 | $100.00B | 100.51% | 668.44% |
 | Stripe | Fintech | Payments | $36.29 | $92.37B | 45.16% | 100.61% |
 | xAI | Enterprise Software | Data Intelligence | $39.10 | $90.30B | 226.65% | |
 | Anduril | Industrial | Aerospace & Defense | $70.92 | $52.91B | 102.63% | 920.43% |
The Private Magnificent 7 is a group of private, venture-backed, late-stage companies representing some of the largest names in the market as measured by Forge Price valuation. Much like their public market counterparts, these companies are market leaders, and have outperformed their peers while making up a significant portion of the overall size of the private market.
Currently, accredited investors can get exposure to all or a selective set of the Private Magnificent 7 companies through the Forge platform directly or through fund vehicles, subject to availability.
Qualified Purchasers can invest in The Accuidity Megacorn Fund that seeks to track the Forge Accuidity Private Market Index – which offers exposure to a broader and more diversified set of private companies. The Index includes 4 of the Private Magnificent 7 stocks: SpaceX, Databricks, Stripe, and Anduril.
Inclusion in the Private Magnificent 7 depends on multiple factors that indicate that these companies are outperformers across sectors. Some of these factors include a Forge Price valuation minimum, relative price performance and an inclusion of 3 sub-sectors. Additionally, companies must be US-domicile for eligibility.
The last trading day in July came with another tech company making a much-anticipated public debut. Figma, the enterprise design platform, started on the Nasdaq at $33 per share and more than tripled its value at market close. This feat made the software company the first in history to do so on an opening day, following a more than $500 million capital raise.
