SpaceX Valuation Challenges the Magnificent Seven Moniker

With a valuation exceeding $2 trillion, SpaceX has eclipsed both Tesla and Meta, effectively fracturing the long-standing "Magnificent Seven" market label. As trillion-dollar entities like OpenAI and Anthropic prepare for public debuts, analysts are scrambling to retire the outdated acronym in favor of more inclusive, albeit fluid, industry groupings.

Editorial·June 13, 2026·reads: 3,561

SpaceX Valuation Challenges the Magnificent Seven Moniker

The "Magnificent Seven" was never a formal financial category, yet it served as a powerful shorthand for market dominance. Coined by BofA Global Research strategist Michael Hartnett in 2023, the term captured the outsized influence of Nvidia, Apple, Amazon, Alphabet, Meta, Tesla, and Microsoft. The sudden arrival of SpaceX into the public sphere has rendered this label insufficient, prompting a wave of creative rebranding across Wall Street.

New contenders are already emerging, with "MANGOS"—a coalition including Meta, Anthropic, Nvidia, Alphabet, OpenAI, and SpaceX—gaining traction in industry circles. Others, like BRI Wealth Management CEO Dan Boardman-Weston, suggest broader terms like "Magna Atoms" to capture the expanding roster of trillion-dollar tech leaders. Despite these shifts, some experts remain skeptical about a total rebranding. Dave Mazza, CEO of Roundhill Investments, argues that the "Magnificent Seven" is too deeply entrenched in investor psychology to vanish, suggesting that future market analysis will likely see additive terminology rather than a complete replacement of the existing lexicon.