AI TRENDS | SpaceX Valuation Sparks Debate Over New Labels for Big Tech Leaders

SpaceX entered public markets at a valuation of more than $2 trillion, surpassing Tesla and Meta Platforms and prompting debate over whether the “Magnificent Seven” label still fits today’s market leaders. According to Jin10, Futurum Equities chief market strategist Shay Boloor said the term has become difficult to use as a concise stand-in for market leadership because it would exclude one of the world’s most important companies. A new label gaining traction on social platforms is “MANGOS,” referring to Meta, Anthropic, Nvidia, Alphabet, OpenAI, and SpaceX. Some people interpret the “A” as Apple. Dan Boardman-Weston, CEO of BRI Wealth Management, suggested an alternative name, “Magna Atoms,” which would expand the Magnificent Seven by adding Anthropic, OpenAI, and SpaceX.