Amidst the bustling heart of San Francisco, where dreams and blockchains intertwine, Ripple stands tall, now counted among the 23rd largest private companies by market capitalization. 🏆
CB Insights, the beacon of business analytics, has bestowed upon Ripple a valuation of $15 billion, a sum so vast it could buy every coffee in Sweden for a year. ☕
Just below Ripple, in the hierarchy of tech titans, lies Klarna, the Swedish fintech marvel valued at $14.5 billion, and Anduril, the brainchild of Palmer Luckey, standing strong at $14 billion. 🛡️
Not to be outshone, the list includes the enigmatic NFT marketplace OpenSea, Bitman, the mining hardware giant at $12 billion, and KuCoin, the cryptocurrency exchange valued at $10 billion. 🪙
The Pantheon of Private Giants
Leading this illustrious parade is SpaceX, the American aerospace colossus with a Bitcoin stash worth $850 million, boasting a valuation of $350 billion. ByteDance, the parent of TikTok, and the AI behemoth OpenAI, each valued at $300 billion, share the second spot. 🌟
Yet, let us not forget the family-owned empires like Mars, Incorporated, which, much like the mythical creatures they create, remain hidden from the VC-driven lists. 🐾
The Ripple IPO Dilemma
Back in 2020, Ripple’s CEO, Brad Garlinghouse, hinted at a future where Ripple would lead the crypto IPO revolution. However, the company soon found itself entangled in a legal web with the U.S. Securities and Exchange Commission (SEC), a battle that seemed endless. 🕸️
Though the legal storm has cleared, Ripple shows no haste in making its public debut. As Monica Long, President of Ripple, explained, the company’s ample liquidity means an IPO is not a pressing matter. 💦
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2025-08-03 21:59