"FAB 10" Emerges as SpaceX (SPCX), OpenAI, Anthropic Challenge "Magnificent Seven" Dominance

Vanda Research suggests a new "FAB 10" group, comprising the "Magnificent Seven" (Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA)) plus SpaceX (SPCX), OpenAI, and Anthropic, is poised to redefine the AI and tech landscape. This shift comes as SpaceX's valuation nears that of established tech giants, signaling a potential move away from the "Magnificent Seven" concept. SpaceX (SPCX) shares rose 4.8% to $201.80 on June 16, 2026, pushing its market capitalization to $2.66 trillion. This valuation approaches Microsoft's current $2.95 trillion. Combined with Tesla's $1.27 trillion, Elon Musk's companies total approximately $4 trillion, nearing Apple's market cap. The strong performance of SpaceX sets the stage for upcoming AI company IPOs. OpenAI and Anthropic have confidentially filed for IPOs with the SEC, with anticipated public listings in Fall 2026. Anthropic holds a private market valuation of $965 billion, while OpenAI is valued at $852 billion.