fintech / news / / Benzinga
Stripe, SpaceX, and Databricks are showing that it's possible to scale into the tens or even hundreds of billions of dollars without ever becoming public.
Global secondary market transaction volumes reached a record $226 billion in 2025, up 41% from 2024.
KEY POINTS
- SpaceX's valuation surged from $350 billion in 2024 to nearly $1.75 trillion by February 2026.
- Companies now facilitate partial investor cashouts every 12-24 months using structured secondary sales.
- Stripe and Databricks achieved massive valuations and liquidity cycles without ever pursuing an IPO.
COMPANIES
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