Decacorn

A decacorn is a private startup valued at $10 billion or more (10x the unicorn threshold of $1 billion). The term extends the animal kingdom metaphor used for startup valuations. As of the mid-2020s, notable decacorns include SpaceX, Stripe, Databricks, and Canva. Decacorn status is significant because it typically represents a company that has achieved massive scale, strong unit economics, and clear market leadership — while still remaining private rather than going public. Many decacorns have chosen to stay private longer than historical norms due to available growth-stage private capital and the regulatory burden of being public.