With the number of Unicorns swelling to over 600 as per cbinsights.com the world needs a new term for companies with valuation of over US$ 20 billion or more and we have come up with it : A Sphinx.
A Sphinx is a mythical creature with the head of a human, body of a lion with the wings of a falcon. This name would be very appropriate to show prowess of a lion and the ability to fly like a falcon.
Only the truly prestigious companies fit this bill. These are (figures in $US Billions).
- Bytedance $140
- Stripe $95
- SpaceX $74
- Didi Chuxing $62
- Instacart $39
- UiPath $35
- Klarna $31
- Databricks $28
- Rivian $27.6
- Nubank $25
As the market keeps growing we have already thought of a term for companies with valuation of more than US$ 100 billion - these will be called DragonFires. These will look like white dragons.
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