POPA ReconTop 10 Pre-IPO Companies by Estimated Valuation
Top 10 Pre-IPO Companies by Estimated Valuation The private-market pecking order has flipped: DefiLlama's tracker puts Anthropic at $1.48T – up 632% in a year and ~64% above OpenAI's $903B. Even OpenAI's reported $1.2T round talks would only narrow the gap. The list is AI plus the companies selling it picks and shovels: models and data (Anthropic, OpenAI, DeepSeek, Databricks), AI in cars and defense (Waymo, Anduril), and the payment rails (Stripe, Revolut, Ramp). Every name with a 1Y figure is up at least 50%. Caveat: these are estimates, not priced rounds. Anthropic's last confirmed round…
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