AI boom propels private Mag7 to $1.2T – nearly triple public market gains

Group 1 - The valuations of the private market "Magnificent 7," which includes companies like OpenAI, Anthropic, and SpaceX, have nearly doubled in the past year to $1.2 trillion, significantly outperforming public market counterparts [1][2] - The combined value of these seven companies has quadrupled from $264 billion since late 2022, highlighting AI as a key driver of private market performance [2] - These companies are relatively young, averaging 7.7 years old, and are demonstrating the ability to scale rapidly despite market volatility [3] Group 2 - Investor demand for AI firms is intense, with 19 AI companies in the Forge basket raising $65 billion year to date, which accounts for 77% of all private market capital raised [3][4] - The public market is showing strong appetite for AI exposure, as evidenced by Netscope's 18% jump on its first trading day [4] - Median valuations in the broader private market are trending back toward pre-downturn levels following the pullback in 2022, indicating a recovery in investor confidence [4]