Why these companies are the private 'Magnificent Seven'

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Magnificent Seven News

Kelly Rodriques,Private Companies,Forge Global

The 'Magnificent Seven' that Wall Street usually talks about are Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta (...

According to Forge Global, those private Magnificent Seven are SpaceX, OpenAI, Stripe, Databricks, Fanatics, Scale, and Rippling.

Watch the video above to hear what Rodriques says about these companies' valuations and the possibility of them going public.New data from Ford Global says A mag seven made up of private companies like spacex Open A I and fanatics is doing even better.Joining us now to talk about all this is Kelly Rodriguez Ford Global CEO.Um For many viewers who aren't familiar what you guys operate there.Talk to me about, you know, the bigger themes and trends you're saying play out right now.

We mentioned some there and on the screen, private mag seven stripe open A I space X I, I'm curious how do you, you mentioned there?Kelly access to capital uh primarily uh the companies that you're looking at here in the private mag seven, they're the biggest, they're the most resilient and now we can start to check their price performance.

But, uh, there's rumor that they're gonna go out today and that we see their valuation at about 7 to $8 billion.But at the same time, wouldn't you think Kelly, you look around?I think you're just now starting to see the market open up those announcements today, including chime were big.I think the rate cuts came a little later than some people thought.Kelly, I think as you point out, I think there's a lot of pent up liquidity demand in private companies.

 

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