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U.S. venture capital deal value reached $412.7 billion in the first half of 2026, nearly 30% more than all of 2025. AI companies took $355.9 billion, 86% of all venture dollars. Rounds of $100 million or more accounted for 87.5% of deployed capital. SpaceX's $1.7 trillion IPO generated more exit value than the past decade combined.
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