SpaceX
SpaceX operates the Falcon 9 — the most flown orbital launch vehicle in history — and is scaling the fully reusable Starship system. Starlink serves over 8 million subscribers across more than 100 countries at an annualised revenue run rate estimated in the tens of billions. Reference price set in the December 2025 insider tender.
OpenAI
Operator of ChatGPT — the fastest-growing consumer application in history — and developer of the GPT-4 family. Deep enterprise distribution across the Fortune 500 and the API platform of record for the AI ecosystem. Reference set in the October 2025 secondary tender.
Anthropic
Developer of the Claude model family and the preferred model for enterprise AI deployments demanding safety, interpretability, and reliable instruction-following. The February 2026 Series G was led by GIC and Coatue, co-led by D.E. Shaw, Dragoneer, Founders Fund, ICONIQ, and MGX.
xAI
Builder of the Grok model family and operator of the Colossus supercluster in Memphis — among the largest AI training facilities in the world. Merged with SpaceX February 2026 in an all-stock transaction. xAI shareholders received 0.1433 SpaceX shares per xAI share. Colossus supercluster in Memphis continues as part of the combined entity.
Anduril
Defence technology platform building autonomous systems, counter-UAS, maritime, and AI-defined hardware for the US Department of Defense and allied militaries. The Lattice operating system unifies sensors and effectors into a single command layer. The May 2026 Series H closed at a $61B post-money valuation, led by Thrive Capital and Andreessen Horowitz.
Canva
The global design platform with 170M+ monthly active users across 190 countries. Consistently ranked among the fastest-growing SaaS businesses globally, with $2.3B+ ARR and a strong shift toward enterprise B2B. Acquisition of Affinity toolset adds professional creative software capabilities.
Stripe
The backbone of internet commerce, processing over $1T in annualised payment volume. Stripe powers millions of businesses globally from startups to enterprises, with expanding products in tax, identity, billing, and AI infrastructure. Latest secondary reference at $65B.
Databricks
Unified data analytics platform serving over 10,000 enterprise customers. Founded by the creators of Apache Spark. Databricks is the platform of record for generative-AI workloads in the enterprise, combining lakehouse architecture with Mosaic AI. Series J raised at a $43B valuation.
Revolut
Europe's most valuable fintech, serving 45M+ customers across 35+ countries. First full-year profit in 2023 ($428M pre-tax), UK banking licence granted in 2024. Aggressively expanding in the US and LatAm. Series E reference at $45B.
Information shown is sourced from public filings and verified secondary market data. References are indicative only and do not constitute a representation by Cavendish as to the current or future value of any position. Pre-IPO investments are illiquid and capital is at risk. For qualified investors only.