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Private Markets Surge: Health Concerns for Credit and Equity

11/5/2025

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Summary

Story summary

Concerns are rising about the health of private credit and the stability of private equity as private markets expand.
OpenAI and SpaceX rank among the United States' most valuable companies, but transparency remains lacking.
There are nearly 20,000 private U.S. companies with revenues above $100 million, suggesting their values exceed many public firms.

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Story summary

Concerns are rising about the health of private credit and the stability of private equity as private markets expand.
OpenAI and SpaceX rank among the United States' most valuable companies, but transparency remains lacking.
There are nearly 20,000 private U.S. companies with revenues above $100 million, suggesting their values exceed many public firms.