FX.co ★ Top 5 unicorn startups in 2024

ByteDance

The most successful unicorn startup in 2024 is ByteDance, a Chinese technology company valued at $225 billion. Founded in 2012 by Zhang Yiming, ByteDance's biggest success is its short-video-sharing app TikTok, which quickly became a global sensation. The company also owns news aggregator Toutiao and other popular platforms. Recent achievements include the international expansion of TikTok and the launch of educational and corporate products such as Dali and Lark.

SpaceX

SpaceX, an American aerospace startup founded by Elon Musk in 2002, develops and manufactures rockets and other spacecraft, aiming to make space travel more cost-effective and colonize Mars. SpaceX is valued at $150 billion. Notable recent achievements include successful launches of the Falcon Heavy rocket, crewed missions to the International Space Station with a Crew Dragon spacecraft, and the deployment of Starlink, a satellite internet constellation.

OpenAI

OpenAI, an American artificial intelligence startup founded in 2015, develops and promotes friendly AI for the benefit of humanity. Currently led by Sam Altman, OpenAI is valued at $80 billion. The company has recently introduced GPT-4, one of the world's most powerful language models, capable of understanding and generating human-like text. In addition, OpenAI is engaged in the development of Codex, a neural network that helps translate natural language into code and extends AI applications across various platforms.

SHEIN

SHEIN, a Chinese online retailer specializing in fashion apparel and accessories, was founded in 2008 by Chris Xu. Known for its fast and affordable approach to fashion, SHEIN offers a wide range of products at competitive prices. The company is currently valued at $66 billion. Over the past few years, SHEIN has achieved significant success. Its app became one of the most downloaded in the fashion and beauty app segment. The company also integrated AI and virtual reality to enhance the online shopping experience.

Stripe

Stripe, an American fintech startup founded in 2010 by billionaire brothers Patrick and John Collison, provides the infrastructure for processing online payments, making it easy for businesses to accept payments over the Internet. Stripe is valued at $65 billion. Recent achievements include the launch of new products such as Stripe Treasury and Stripe Climate, expansion into international markets, and partnerships with major companies such as Amazon and Shopify.