We consider the topology for a class of hypersurfaces with highly nonisolated singularities which arise as ‘exceptional orbit varieties’ of a special class of prehomogeneous vector spaces, which are representations of linear algebraic groups with open orbits. These hypersurface singularities include both determinantal hypersurfaces and linear free (and free*) divisors. Although these hypersurfaces have highly nonisolated singularities, we determine the topology of their Milnor fibers, complements, and links. We do so by using the action of linear algebraic groups beginning with the complement, instead of using Morse-type arguments on the Milnor fibers. This includes replacing the local Milnor fiber by a global Milnor fiber which has a ‘complex geometry’ resulting from a transitive action of an appropriate algebraic group, yielding a compact ‘model submanifold’ for the homotopy type of the Milnor fiber. The topology includes the (co)homology (in characteristic 0, and 2-torsion in one family) and homotopy groups, and we deduce the triviality of the monodromy transformations on rational (or complex) cohomology. Unlike isolated singularities, the cohomology of the Milnor fibers and complements are isomorphic as algebras to exterior algebras or for one family, modules over exterior algebras; and cohomology of the link is, as a vector space, a truncated and shifted exterior algebra, for which the cohomology product structure is essentially trivial. We also deduce from Bott's periodicity theorem, the homotopy groups of the Milnor fibers for determinantal hypersurfaces in the ‘stable range’ as the stable homotopy groups of the associated infinite-dimensional symmetric spaces. Lastly, we combine the preceding with a Theorem of Oka to obtain a class of ‘formal linear combinations’ of exceptional orbit hypersurfaces which have Milnor fibers that are homotopy equivalent to joins of the compact model submanifolds. It follows that Milnor fibers for all of these hypersurfaces are essentially never homotopy equivalent to bouquets of spheres (even allowing differing dimensions).