SpaceX is No Longer the Most Valuable Startup in the United States
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There used to be a time when Instacart was considered to be the most valuable startup in the history of the United States. This record was later broken by SpaceX, which is owned by currently the richest man in the entire world, Elon Musk.
However, another startup has recently emerged that has overthrown SpaceX and is now the most valuable startup in the entire country. The name of the company that is now the most valuable in terms of being a startup is Stripe, which is a famous payment processing company.
It was on Sunday, March 14, 2021, when Stripe had made an announcement of a successful funding round that had been carried out by the company. As per stats, the company managed to generate a total of $600 million from the recent funding round.
The company has revealed that in the past, the market valuation of Stripe was $36 billion. However, in a matter of few weeks, the company’s market capitalization has experienced a huge surge. At the time of publishing, the market capitalization of Stripe Company is hovering around$95 billion.
The recent development and valuation of Stripe have overshadowed the market capitalization of Instacart and Tesla. The sources have confirmed that at present, the market capitalization of Instacart is $39 billion. On the other hand, the market capitalization of SpaceX, whose founder is Elon Musk is, is $74 billion.
The above information surrounding the market capitalization of both companies has been brought forward by CB Insights, which is a fast-growing researching firm.
Although Stripe is undoubtedly the largest startup in the United States, yet it is no match for Unicorn. Unicorn is a Chinese startup that was launched by the owner of TikTok, Bytedance and to this day, it is the most valuable startup in the entire world.
As per sources, when the Unicorn platform was launched, its valuation was around $140 billion, making it the highest-valued startup in the entire world.
According to analysts, the major factor behind Stripe becoming the most valued startup is its very nature. Stripe is a prominent company that is known for processing payments and is available through the web and smartphones.
At present, Stripe is known to be competing with some of the biggest names in the industry such as PayPal, and Square.
The company has announced that the money it has raised through the funding round would help it gain more exposure all over the world. For now, it has been confirmed that the company intends to expand its coverage and service all over the European region.
The company reportedly has two headquarters where the first one is based in Dublin and the other one is located in San Francisco.
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