A unicorn company is a privately-held startup company valued at over $1 billion. They are considered to be part of the new class of tech-savvy, innovative businesses.
Some of the most famous unicorn companies include:
Uber: Uber is a popular on-demand transportation platform. It enables customers to request and pay for a ride from willing drivers.
Airbnb: Airbnb is one of the most popular home-sharing services. It connects people who are looking for cheaper accommodation with people willing to rent out their homes or apartments.
Stripe: Stripe has become the go-to payments platform for e-commerce stores. It enables merchants to quickly and easily set up and manage their payment systems.
Palantir Technologies: Palantir Technologies is a data analytics company that provides sophisticated data analysis to its clients.
SpaceX: SpaceX is a private aerospace manufacturer and space transportation services company founded by Elon Musk. They have been developing rockets and spacecraft for commercial use.
Besides their massive valuations, unicorn companies have become popular mostly due to their ability to create huge positive impacts on society. They have been at the forefront of technological advances and are often credited with disrupting traditional industries and changing the way we use technology on a daily basis.