I believe the next 1,000 unicorns won’t be a search engine or media company, they’ll be businesses developing green hydrogen, green agriculture, green steel and green cement.

Analysis

The quoted passage appears verbatim in BlackRock’s 2022 annual letter, where Fink discusses the future of sustainable‑focused unicorns. The statement is a forward‑looking opinion, not a factual claim that can be proved or disproved, but the attribution is accurate.

Background

Larry Fink, CEO of BlackRock, uses his annual letters to outline the firm’s investment outlook. In the 2022 letter, he emphasized the growth potential of climate‑focused technologies and listed green hydrogen, agriculture, steel and cement as sectors likely to spawn the next wave of high‑valuation startups. Such predictions are speculative and cannot be verified at the time of writing.

Verdict summary

Larry Fink did make that statement in BlackRock’s 2022 Letter to Shareholders.

Sources consulted