Economic Outlook

Austin's Unicorn Factory

Warren Wales·2025-12-15

Austin has quietly become a unicorn factory. Here are the numbers at a glance:

  • Unicorns ($1B+): 18
  • Combined Unicorn Valuation: ~$51B
  • Unicorns Created in Past 4 Years: 5
  • Top Unicorn: Colossal Biosciences, $10B
From the December 15, 2025 Issue

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