VC Funding Hits $412.7B in H1 but Mega-Rounds and SpaceX’s Deals Concentrate Gains

Venture capital surged to $412.7 billion in H1, driven overwhelmingly by mega-deals and rounds of $100 million or more, while most startups saw little benefit. Exit totals were dominated by SpaceX’s $250 billion acquisition of X.AI and its $1.7 trillion IPO, concentrating gains in a handful of companies.