{"id":739,"date":"2026-06-16T18:09:28","date_gmt":"2026-06-16T18:09:28","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=739"},"modified":"2026-06-16T18:09:28","modified_gmt":"2026-06-16T18:09:28","slug":"spacexs-public-debut-marks-the-end-of-big-techs-magnificent-7-era","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=739","title":{"rendered":"SpaceX’s Public Debut Marks The End Of Big Tech’s ‘Magnificent 7’ Era"},"content":{"rendered":"
\n

big number<\/h2>\n

$85.7 billion. That’s how much SpaceX raised in its IPO\u2014the largest public offering in history, clearing prior records held by Saudi Aramco and Alibaba. The rocket maker raised its initially planned $75 billion Thursday, before banks exercised the option to sell more shares than originally planned due to demand.<\/p>\n

Read more European Visitors To U.S. Dropped 7% In May\u2014As Tourism Industry Seeks World Cup Turnaround<\/a><\/p>\n

forbes valuation<\/h2>\n

SpaceX\u2019s IPO made its founder and CEO Elon Musk the world\u2019s first trillionaire. Musk\u2019s net worth gained more than $100 billion each full trading day thanks to his 38% stake in the company.<\/p>\n

Read more Threads, Meta\u2019s X Competitor, Hits 500 Million Monthly Users<\/a><\/p>\n

key background<\/h2>\n

FAANG (Facebook, Amazon, Apple, Netflix and Google) was coined by market technician Bob Lang and popularized by CNBC’s Jim Cramer in 2013 to describe five consumer-internet companies that converted human attention into revenue. At their 2021 combined peak, the five carried a market cap of roughly $7.8 trillion. Bank of America strategist Michael Hartnett coined the Magnificent 7 label in 2023, adding Nvidia, Microsoft and Tesla while keeping Apple, Amazon, Meta, and Alphabet. By 2025, Hartnett himself had taken to calling the group the “Lagnificent 7” as Apple, Tesla, Amazon and Microsoft trailed Nvidia and Alphabet\u2014an early sign the label was straining. The Mag 7’s combined market value now sits near $22.6 trillion, with Nvidia taking the lead with a $5 trillion market cap. SpaceX’s debut, plus the looming IPOs of OpenAI and Anthropic, are giving the market three new names that have the potential to trump Big Tech. <\/p>\n

Read more Spotify Issues \u2018All Clear\u2019 After Outage Reports<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A ‘MANGOS’ ETF is already on the way, even though “the ink hasn’t even dried” on the newly printed acronym, one analyst noted. <\/p>\n","protected":false},"author":1,"featured_media":738,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nSpaceX's Public Debut Marks The End Of Big Tech's 'Magnificent 7' Era - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=739\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX's Public Debut Marks The End Of Big Tech's 'Magnificent 7' Era - Coast to Coast Movers\" \/>\n<meta property=\"og:description\" content=\"A 'MANGOS' ETF is already on the way, even though "the ink hasn't even dried" on the newly printed acronym, one analyst noted.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coasttocoastmoverss.com\/?p=739\" \/>\n<meta property=\"og:site_name\" content=\"Coast to Coast Movers\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-16T18:09:28+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/#\\\/schema\\\/person\\\/266a8d2ebdac9f8b4354d52dead7fa6b\"},\"headline\":\"SpaceX’s Public Debut Marks The End Of Big Tech’s ‘Magnificent 7’ Era\",\"datePublished\":\"2026-06-16T18:09:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739\"},\"wordCount\":282,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/440a1ac42b5111da1577cf816f42ffdc.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739\",\"url\":\"https:\\\/\\\/coasttocoastmoverss.com\\\/?p=739\",\"name\":\"SpaceX's Public Debut Marks The End Of Big Tech's 'Magnificent 7' Era - 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