True and really it’s not a Unicorn as it’s been public before.
You inspired me to have a look at how many “Unicorns” are in the US for comparison. Depending on source it’s between about 400-480 in the US. So about 12x as many with about 4.8x the population.
A lot of these seem to be consumer retail, e-commerce or housing related which says a lot about the UK economic landscape. Hardly the kind of company ARM would want to be swimming amongst.
“There are currently 37 private $1b+ businesses headquartered in the UK—a further 14 have exited, whilst 2 are no longer active
13 UK companies became unicorns in H1 2021—the largest concentration of new unicorns to date”
from: https://www.beauhurst.com/research/unicorn-companies/