The $250bn exit spiked February's deal numbers upwards, heading a raft of deals that took IT exit numbers to their highest point in years.
Exits for corporate-backed startups reached their highest point in the last two years in a February headlined by the merger of generative AI developer xAI into SpaceX at a $250bn valuation, according to GCV data.
The xAI deal, part of a $1.25 trillion merger which allowed investors including Nvidia, Humain, Cisco Investments and AMD to exit, skewed the disclosed valuations for the month’s exits to $258bn, by a huge distance the largest monthly value yet recorded. The numbers are also a reflection of a VC market that is itself becoming increasingly stratified at the top end, as indicated in February’s GCV deal data.
