The race to build the next generation of global giants has begun, and while public markets (stock exchanges) enjoy the most attention, unlisted companies are "quietly” building massive valuations and shaping the future of industries, according to visualcapitalist.com. The cited source ranks the 50 most valuable private (unlisted) companies in the world in 2025, highlighting the emerging "powerhouses” in different countries and sectors. The data used in this top comes from CB Insights, which