Billion-dollar startups like SpaceX and OpenAI are staying private longer to avoid costs and scrutiny of going public. Private capital, compliance costs, and control over valuation are reshaping the IPO landscape, resulting in fewer public stocks for everyday investors and more power in private markets. Experts Jonathan Foster, Gordon Phillips, and Sarah Keohane Williamson discuss the trend.

Read more at Yahoo Finance: Why Billion-Dollar Startups Are Staying Private Longer