The acronym that defined Wall Street's relationship with Big Tech for the past decade is officially being retired. The FAANG cohort — Meta, Amazon, Apple, Netflix, and Alphabet — is being replaced by a new consortium dubbed MANGOS, swapping Netflix and Amazon for AI and space industry heavyweights. The rebrand was proposed by X users @krishdotdev and @lilscoot on June 8, 2026, and has since gone viral as a trio of historic IPOs loom on the horizon. SpaceX is set to make its public market debut this Friday, with Anthropic's IPO expected to follow shortly after and OpenAI reportedly racing to file its own confidential paperwork to keep pace. The new MANGOS lineup reflects where investor money and technological gravity are headed: Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. As one observer noted, the fruit-themed name sounds delightful, but the underlying message is that AI and agentic companies are now the industry's true titans, while streaming services and e-commerce look comparatively stagnant by comparison. Of course, FAANG isn't completely dead. Amazon's cloud computing arm and Netflix's streaming dominance keep them firmly in the conversation, even if they're no longer seen as the cutting edge. The shift underscores how the next wave of public market enthusiasm is concentrated in companies building the infrastructure and models of the autonomous AI age. Whether that future turns out to be nourishing or unpalatable — leaving workers jobless and economies strained — remains to be seen, but the MANGOS era is officially here. Anthropic is also making headlines with the public release of Claude Fable 5, a version of its Mythos model available to general users. Meanwhile, OpenAI has filed confidential paperwork for its own market debut, setting the stage for what could be the most concentrated cluster of trillion-dollar IPOs in financial history.