More billion-dollar startups are staying private for longer than ever before. From Elon Musk’s SpaceX to OpenAI and other unicorns, companies are avoiding the costs, scrutiny, and disclosure that come with going public. Experts Jonathan Foster, Gordon Phillips, and Sarah Keohane Williamson explain how abundant private capital, higher compliance costs, and control over valuation have reshaped the IPO landscape. The result: fewer public stocks for everyday investors and more power in private markets. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: Facebook: Instagram: Connect with Bloomberg Business on: X: Facebook: Instagram: TikTok: @bloombergbusiness?lang=en Reddit: LinkedIn: More from Bloomberg: Bloomberg Radio: Bloomberg Surveillance: Bloomberg Politics: Bloomberg Originals: Watch more on YouTube: Bloomberg Technology: @BloombergTechnology Bloomberg Originals: @business Bloomberg Quicktake: @BloombergQuicktake Bloomberg Espanol: @bloomberg_espanol Bloomberg Podcasts: @BloombergPodcasts