Wall Street Expands Magnificent 7 to FAB 10 as SpaceX Climbs Above $192
Updated
Updated · Euronews · Jun 16
Wall Street Expands Magnificent 7 to FAB 10 as SpaceX Climbs Above $192
3 articles · Updated · Euronews · Jun 16
Summary
Vanda Research and other strategists are recasting the AI winners as a “FAB 10,” adding SpaceX, OpenAI and Anthropic to the original Magnificent 7 after SpaceX’s blockbuster IPO.
SpaceX’s close above $192 on Monday made it the world’s sixth-most valuable company, reinforcing the view that investor attention is spreading beyond the original megacap tech leaders.
The old group still dominates: the Magnificent 7 are worth about $22.6 trillion combined, with Nvidia alone above $5 trillion and the seven still making up roughly one-third of the S&P 500.
OpenAI and Anthropic remain private despite plans to approach public markets later this year, potentially at valuations above $1 trillion, so the new label is more a market shorthand than a tradable basket.
Competing labels such as Bank of America’s “AI Big 10” and the smaller “MANGOS” show Wall Street is broadening—rather than replacing—its framework for the next phase of the AI trade.
As Wall Street crowns the 'FAB 10,' are investors ignoring warnings of an AI bubble even larger than the dot-com crash?
The U.S. government halted Anthropic's powerful new AI on launch day. What does this signal for global access to technology?
SpaceX’s $2 Trillion IPO and the Rise of the Trillionaire: How AI and Space Tech Are Reshaping Global Markets and Wealth
Overview
The SpaceX IPO on June 11, 2026, marked a historic milestone as shares began trading on Nasdaq, raising $75 billion and quickly pushing the company’s value above $2 trillion. This record-breaking debut set a new standard for corporate valuations and made Elon Musk the world’s first trillionaire. The event signaled a shift in market leadership, with SpaceX joining the ranks of tech giants driving the next era of innovation. The IPO’s massive scale and impact highlight the growing influence of AI and space technology, reshaping global markets and setting the stage for future public offerings from leading tech companies.