Anduril
Anthropic
SpaceX
Scale AI
Stripe
Groq
Ripple
Epic Games
Perplexity AI
xAI1 Companies that received the most ticket and profile view activity over the last 30 days
| Companies | Robustness Score2 | Chg vs. LR3 | Last Round Date |
|---|---|---|---|
| Neuralink | 4 | +197.4% | Aug-23 |
| Cerebras | 3 | +141.0% | Jun-24 |
| xAI | 7 | +82.1% | Nov-24 |
| Stripe | 7 | +77.8% | Mar-23 |
| Ramp | 7 | +75.6% | Apr-24 |
| Crusoe Energy | 6 | +70.9% | Nov-24 |
| Scale AI | 8 | +55.0% | May-24 |
| Glean | 7 | +52.3% | Sep-24 |
| Groq | 8 | +45.4% | Aug-24 |
| Figma | 3 | +41.4% | Jun-21 |
| Anduril | 7 | +28.1% | Mar-25 |
| MinIO | 3 | +25.2% | Dec-21 |
| Apptronik | 5 | +19.7% | Feb-25 |
| Perplexity AI | 7 | +19.5% | Nov-24 |
| Ripple | 7 | +13.7% | Dec-19 |
| Anthropic | 7 | +12.9% | Jan-25 |
| Kraken | 8 | +12.4% | Jul-19 |
| Cohesity | 5 | +6.6% | Dec-24 |
| Lambda Labs | 7 | +4.6% | Dec-24 |
| Shield AI | 8 | +3.9% | Feb-25 |
| Databricks | 7 | +3.7% | Dec-24 |
| Rippling | 6 | +3.7% | May-25 |
| SpaceX | 8 | +2.3% | Dec-24 |
| Together AI | 6 | +1.8% | Dec-24 |
| Anysphere | 3 | -0.2% | Mar-25 |
| Gusto | 5 | -24.6% | Jul-21 |
| Addepar | 6 | -25.2% | Dec-24 |
| Zipline | 3 | -29.3% | Jun-24 |
| Flock Safety | 6 | -33.0% | Mar-25 |
| EquipmentShare | 3 | -43.8% | Sep-23 |
| Netskope | 5 | -43.8% | Jul-21 |
| InnovAccer | 3 | -45.8% | Apr-24 |
| Discord | 6 | -57.5% | Sep-21 |
| Chime | 5 | -59.3% | Aug-21 |
2 ZXData Robustness Score is an internally developed metric to assign confidence levels to the underlying data used in constructing ZXData output metrics. The ZXData Robustness Score is calculated on a scale of 1 to 10 for each company, based on the number of executed trades, number of buy and sell orders submitted to ZX and skewness of the order book.
3 ZX Index Value is an internally developed metric that reflects secondary values for private companies using an algorithmic approach based on the values sourced from ZX and ZXData partners. The algorithm used to calculate ZX Index Values incorporates both executed transaction values and bid and ask pricing.
Zanbato’s Equal-Weighted Index, which tracks secondary market performance of ZX’s most actively traded companies, increased 0.5% in May. Among the most active sectors, AI & Machine Learning is up 63.7% YTD; Aerospace & Defense is up 21.31% YTD; Crypto & Blockchain is up 19.18% YTD; Cybersecurity is down 2.18% YTD; Data & Analytics is up 5.65% YTD; E-Commerce is down 15.33% YTD; FinTech is up 9.90% YTD; SaaS is up 7.58% YTD.
Overall, ZX’s average bid-ask spread was 6% in May, 4% lower than the 12-month average—the lowest since January 2022.
Bids represented 36% of submitted tickets on ZX in May, 7% lower than the 12-month average of 43%
Anduril, Anthropic, and SpaceX were the three most active companies on ZX in May.
On average, the ZX Index Values for May were 18.7% premium to the last round price per share
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