The era of the unicorn is over. A new class of startup, the “hectocorn,” valued at $100 billion or more, has emerged. This small club includes giants like OpenAI, SpaceX, and ByteDance.
Palantir reported staggering 63% revenue growth in Q3 2025, but CEO Alex Karp’s shareholder letter reveals deeper tensions. His provocative cultural statements and profit-first philosophy may signal challenges ahead for the data analytics giant.
Meta announced a $600 billion US infrastructure and jobs plan by 2028, dwarfing even OpenAI’s Stargate project. The problem? Meta earned just $62 billion profit last year and would need to triple its capital expenditures. The company is turning to massive debt and creative financing to make it happe