Ripple is listed among the 10 most valuable private companies with an estimated market capitalization of $50 billion, according to the widely shared “equal companies” table circulating on X.
The ranking is important because it reframes Ripple as less of a token issue and more of a limited private market business: a payments infrastructure company that, at least in secondary valuation terms, is now being discussed in the same vein as the biggest AI and fintech “super-unicorns.”
Ripple Is Ranked #9 Among The World’s Largest Private Companies
A photo posted widely on X shows a “List of unicorn companies” with Ripple highlighted at a value of $50 billion. In that summary, Ripple appears alongside a group dominated by AI, fintech, and consumer platforms, including OpenAI ($500B), ByteDance ($480B), SpaceX ($400B), Anthropic ($350B), xAI ($230B), Databricks ($100B), Stripe ($0B), Stripe ($0B), 7B), Stripe ($0) ($66B).
The $50 billion mark suggests an increase from the $40 billion post-money deal associated with the latest 2025 financing. If we take those two points at face value, the move to $50 billion represents roughly a 25% increase in enterprise value in a short window, an unusually sharp turnaround for an outdated private company unless secondary markets underprice or new activity resets expectations.
Ripple’s private analysis history has also been shaped by the company’s led currency events. The company has previously repurchased shares that successfully created benchmarks for employees and early investors, including buybacks at a stated value of $15 billion in 2022 and $11.3 billion in early 2024. Compared to that, by the end of 2025 it jumps to $40 billion and the current value of $50 billion shows the value of the company that has increased by measures that are independent of the continuous feedback loop of the public markets.
That context is important and how traders and distributors interpret the title. Private quotes are not the same as liquid market prices, and may reflect transaction structure, preferred terms, or volatility as limited as broad investor consensus. Nevertheless, when a company starts to appear in the list of top 10 private companies managed by AI and mega-fintech, it shows that the market is increasingly looking at it as an infrastructure-level business instead of a niche crypto-adjacent issue.
The valuation narrative also contradicts IPO expectations and Ripple’s consistent stance that a listing is not imminent. With no near-term plan or timeline to come out, Ripple’s price recovery remains based on periodic fees and tender offers, which means the next important data point could come from another private round, a new purchase, or a secondary sale that leaks into the market.
In the crypto markets, the immediate implication is not a direct token promotion as much as a reimagining of Ripple’s business footprint. If the $50 billion valuation is true, it sets a high bar for how investors model the company’s choices: whether that’s raising future capital, M&A volume, or leveraging institutional relationships. If it doesn’t happen, the episode will still show how quickly the private market narrative can harden into “consensus” if a single, shared number hits the timeline.
At press time, XRP traded at $1.40.
The featured image was created with DALL.E, a chart from TradingView.com
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