SpaceX, Anthropic, and OpenAI are each preparing IPOs expected to take place soon, with SpaceX's scheduled for Friday. If completed as planned, these companies will replace the traditional FAANG group (Facebook/Meta, Amazon, Apple, Netflix, Google/Alphabet) with a new set of tech leaders called MANGOS: Meta, Anthropic, Nvidia, Google, OpenAI, SpaceX.
The acronym MANGOS was proposed by developers @krishdotdev and @lilscoot on X and has gone viral. The shift reflects a move away from streaming and e-commerce dominance toward AI and agentic companies (autonomous systems that make decisions and take actions).
FAANG remains partially intact—Amazon and Netflix stay powerful—but their e-commerce and streaming businesses are considered less groundbreaking than the AI-focused companies the tech industry is now elevating.
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