Forge

Forge is powering a global private market that is transparent, accessible and seamless for companies, their employees, investors and institutions.

[Forge @Forge_Global]

STARTUP TRENDS: @Figure_robot is quickly emerging as a company to watch in #robotics, focusing on autonomous humanoid robots designed to support manufacturing, logistics, and household tasks.

As #AI is coupled with machines doing physical automation, investors may be watching companies like Figure AI and others in the robotics space for future growth potential, including:

🟠 @Apptronik
🟠 @geckorobotics
🟠 @agilityrobotics

Read more: https://t.co/nevXVnWlGj

[Forge @Forge_Global]

Which private company do you think could headline the biggest IPO this year?

[Forge @Forge_Global]

The #IPO pipeline continues to heat up.

AI chipmaker Cerebras Systems made its highly anticipated public debut on May 14, while @limebike and @QuantinuumQC are among the latest companies potentially positioning themselves for the public markets.

With growing investor attention across AI, mobility, and quantum computing, the IPO landscape could become increasingly active heading into the second half of the year.

Learn more about these potential IPO candidates: https://t.co/dnwLgdz2F6

[Forge @Forge_Global]

Our latest private market update shows modest gains, with FPMI up 0.1% and FAPMI up 1.2%, continuing the divergence between equal- and cap-weighted performance.

Public markets moved more sharply over the same period, with SPY up 10.5% and QQQ up 15.7%.

A key contributor was @Kalshi, which added 1.0% to FAPMI following a reported March financing led by Coatue Management at a $22B valuation. The move underscores continued investor interest in regulated prediction market infrastructure, even as the category evolves.

Explore the full Private Market Update for deeper insights: https://t.co/FNrQPRvAjQ

[Forge @Forge_Global]

In Forge’s May Private Market Update, the strongest basket return came from Chips, which rose 6.0% in April.

The Aerospace & Defense basket also posted a strong month, gaining 3.5%, led by @Saronic and supported by SpaceX and Anduril. The basket’s performance reflected continued investor focus on defense technology, autonomy and frontier infrastructure amid the backdrop of the Middle East conflict.

Read the full Private Market Update for additional insights: https://t.co/hk5pg6SqfG

[Forge @Forge_Global]

Global energy markets are in flux, with ripple effects being felt across both public and #privatemarkets.

Companies such as Twelve, @TAE, @Persefoni, @Radia, and @LastEnergy are available on Forge and positioned to potentially benefit from these trends. Current shareholders are also indicating interest in liquidity through active asking prices, as clean energy re-emerges as a key area of investor interest.

This renewed attention comes as U.S. gasoline prices rose above $4.20 per gallon at the end of April, their highest level since 2022, driven by geopolitical disruption and tightening supply.

Explore more on these startups: https://t.co/UEGhX9xsit

[Forge @Forge_Global]

Private market sector performance accelerates – and spoiler, it’s not just AI

Forge's May Private Market Update shows that, alongside AI, several other private market sectors are also outperforming the broader market year-to-date, including #chips, #aerospace & #defense and #fintech.

Together, these areas point to an important shift in the current cycle. While AI continues to dominate the narrative, performance is increasingly being driven by the infrastructure, systems, and financial platforms that support its growth.

Read more in the latest #privatemarket update: https://t.co/3MxsAfDUVO

[Forge @Forge_Global]

Q1 2026 marked a turning point for the late-stage private market.

The quarter was defined by record capital concentration, uneven IPO activity and resilient private market performance — even as public markets grew more volatile. While public equities weakened into March, the private market continued to close record-sized transactions and move higher.

Dive into the full report for deeper insights, proprietary Forge data, and market trends shaping what’s next: https://t.co/cBmipqBeUm

[Forge @Forge_Global]

Buy interest remained strong in March, according to our April Private Market Update.

Buy-side activity held near recent highs, with buys representing about two-thirds of all indications of interest over both the month and the quarter. March ended with a buy-to-sell ratio of 66% buys to 34% sells, near the highs seen in 2025 and even during 2020 and 2021.

Read the full April Private Market Update: https://t.co/jfg0nLfVkR

[Forge @Forge_Global]

In Q1, Forge-tracked mid- and late-stage companies raised $210 billion, more than three times the prior quarterly peak and exceeding the total raised in any previous full year.

Fundraising was highly concentrated, with four transactions accounting for $188 billion: @OpenAI ($122B), @AnthropicAI ($30B), @xAI ($20B, now part of SpaceX), and @Waymo ($16B).

For institutional investors, this points to a narrower but more impactful late-stage market, where liquidity outcomes may hinge on a small number of large-scale IPOs.

Access the full insights in Forge's Q2 Investment Outlook: https://t.co/MaVqJQELz2

[Forge @Forge_Global]

Pricing broadly strengthened in March.

Trade premiums and discounts improved meaningfully. The 90th percentile premium increased from 47% to 64%, while the median improved from -11% to -3%. At the other end of the distribution, the 10th percentile improved sharply from -85% to -47%, as shown in our latest Private Market Update.

Read more: https://t.co/oHd2QLV6a2

[Forge @Forge_Global]

Forge’s latest investment outlook shows the private market continuing to outpace public equities.

In Q1 2026, private markets maintained strong momentum, finishing well ahead of public benchmarks despite modest softness in March. The FPMI rose 16.0%, while the FAPMI gained 12.3% — both outpacing the S&P 500 and Nasdaq-100.

Performance was broad-based, with more companies advancing than declining. Notable gains came from @cerebras (167.3%), @stripe (99.6%), and @shieldaitech (76.8%).

Download the full report for additional insights: https://t.co/BLB7e3tnbI

[Forge @Forge_Global]

What will be the primary driver of private market liquidity in 2026?

[Forge @Forge_Global]

LATEST NEWS: As SpaceX sets its sights on the largest-ever IPO, the market is weighing what it will take to succeed.

The defining story of the quarter arrived just one day after it ended. On April 1, SpaceX confidentially filed for an initial public offering, setting the stage for what could become the largest IPO in history.

Meanwhile, #privatemarket performance in March remained resilient, though increasingly selective. FPMI declined -0.4% while FAPMI rose 1.0%, even as public markets sold off (SPY -4.9%, QQQ -4.8%). This divergence likely reflects concentrated repricing rather than broad-based weakness.

Read more in our April Private Market Update: https://t.co/0AV1ZkWBA3

[Forge @Forge_Global]

A record quarter redefines the late-stage private market.

Q1 2026 marked a defining quarter for the late-stage VC-backed private market, characterized by record-setting capital concentration, uneven IPO execution and resilient index performance despite a more volatile public market backdrop. The most consequential development of the quarter was the sheer magnitude of capital raised at the top end of the private market.

Total funding among Forge-tracked mid- and late-stage companies reached $210 billion, driven overwhelmingly by a small number of transactions involving @OpenAI, @AnthropicAI, @xAI (now part of SpaceX), and @Waymo.

Download our Q2 Forge Investment Outlook for more insights: https://t.co/5RWOs5A2W0

[Forge @Forge_Global]

The first quarter of 2026 has already produced a new cohort of #unicorns spanning health tech, AI infrastructure, climate intelligence, biotech manufacturing, and crypto compliance.

Companies like @eightsleep, @TalosSecurity, Cellares, @tomorrowio_, and @trmlabs are leading the way, each bringing a distinct approach to how technology is shaping real-world outcomes.

Learn more about these five companies: https://t.co/6exHwzxAV9

[Forge @Forge_Global]

Following last week’s announcement of its S-1 filing, SpaceX is once again putting a spotlight on the evolving road to IPO, and the increasingly growing demand for liquidity before companies go public.

For investors, moments like this highlight a key shift: access to high-growth companies is no longer limited to the public markets. And with data¹ from the Forge Private Market Index showing private, late-stage companies like SpaceX delivering outsized returns relative to public markets historically, the demand for pre-IPO trading remains strong.

SpaceX presents a compelling case study for the value of the private market, demonstrating the immense potential for price formation and liquidity when capital, infrastructure, and investor demand converge.

To learn more about SpaceX and other pre-IPO trading opportunities, visit https://t.co/chDcSeQp7o

¹The Forge Private Market Index: https://t.co/WHZ2AXR6Zr

[Forge @Forge_Global]

A group of high-profile private companies spanning #AI, #crypto infrastructure, and #analytics has drawn attention through recent publicly reported leadership changes, financing activity and strategic developments that may indicate IPO preparation.

@AnthropicAI, @OpenAI, @LambdaAPI and @dataiku are four Forge-listed companies investors may want to watch, as their public debuts could materialize by year’s end:

Explore the analysis: https://t.co/5dyVLEPI8Z

[Forge @Forge_Global]

In Q1 2026, companies across sectors such as AI infrastructure, digital health, and robotics increasingly relied on M&A to accelerate growth and expand capabilities beyond organic development.

These transactions offer insight into where companies are focusing long-term investment, reflecting priorities in capital allocation, growth, and competitive positioning.

We’ve highlighted four acquisitions that have shaped the first quarter of 2026:

🟠 SpaceX acquires @xAI
🟠 @swordhealth acquires @KaiaHealth
🟠 @Databricks acquires @QuotientAI
🟠 @misorobotics acquires @zignyl

Learn more: https://t.co/9M3g1gk5Lg

[Forge @Forge_Global]

Building off a strong January, the private market continued its rise in February.

Both the FPMI and FAPMI extended January’s gains and outpaced public market indices, which declined during the month. The equal-weighted FPMI advanced 11.5%, while the cap-weighted FAPMI rose 9.2%. In contrast, public benchmarks were negative, with SPY down 0.9% and QQQ falling 2.3%.

FPMI was boosted by the #AI chip trinity of @GroqInc, @SambaNovaAI, and @cerebras. FAPMI benefited from gains in @stripe and SpaceX, though performance was partially offset by @Ripple.

Access more insights in our latest Private Market Update: https://t.co/Ch7eDMG4Wq