FAANG is dead. Long live MANGOS.
The acronym that defined a decade of tech investing, built on Facebook, Apple, Amazon, Netflix, and Google, is being muscled aside by a new cohort of companies. The replacement: Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX. And three of those six are filing to go public this summer in what’s shaping up to be the most consequential IPO season since the dot-com era.
SpaceX leads the charge with an offering priced at $135 per share, targeting a $75 billion raise. If that number lands, it would be the largest IPO in history, full stop. The company’s estimated valuation sits between $1.8 trillion and $2 trillion, putting Elon Musk’s rocket venture in the same atmospheric layer as Apple and Microsoft.
Three titans, one summer
SpaceX filed its IPO paperwork confidentially back in April 2026. The company is expected to kick off its roadshow around June 8, giving institutional investors their first formal pitch. But the retail appetite has already spoken: orders have exceeded $70 billion before the official launch even begins.
