WHERE ARE THE UNICORNS?
A Growing Herd!
Who are the largest Unicorns?
To put the valuations of the top 10 Unicorns in perspective, let us compare them with the market capitalization of GM, GE, Apple and Alphabet (Google). Impressive, to say the least! Take for example SpaceX, valued at $B 74 compared to General Motor's $B 84 market capitalization. SpaceX has a history of around 128 successful launches, vs. GM's Y2020 production output of almost 7 million vehicles. Perhaps an irrelevant or questionable comparison, but still it says something about the valuation of SpaceX.
Most of the Unicorns are in industries (areas) which we today associate closest with digital disruptors: Fintech (banking), Internet software and services, and E-commerce & direct-to-consumer. However, what is up-and-coming, and what already constitute a large part of the Unicorn herd, are companies in the Artificial Intelligence (AI) sphere.
Where in the world are the Unicorns?
Following our previous article, where the Top Venture Capital Investors are located geographically, we see that the Unicorns are mostly in the US, followed by China, India and the UK.
Breaking down the figures and looking at the number of Unicorns per country and per industry, the following picture emerges.
Looking at Unicorns per country and industry, we find that there are quite many spread around the world within the Fintech sector, yet still, the highest concentration are in two of the world's financial centers (the US and the UK). We also find that Artificial Intelligence (AI) Unicorns are mostly in the US and China. Another group of Unicorn outliers is within the US Internet Software & Services, having 111 out of the world's 148.