With SpaceX about to break records with an IPO on Friday, Anthropic about to break records with its pending IPO, and OpenAI racing to match or best its archrivals with its own potentially record-breaking IPO, the tech industry will soon have a new set of public company overlords.
Should all these IPOs take place as planned, these companies will be replacing the vicious-sounding FAANG cabal — Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) — with the delightfully sweet-sounding (though truly sour and atrocious if consumed unripe) coterie MANGOS: Meta, Anthropic, Nvidia, Google, OpenAI, SpaceX.
As these companies go, so shall the whole tech industry, or so it’s looking like from the summer of 2026.
The new acronym was proposed by developer @krishdotdev and @lilscoot on X and is now going viral.
Of course, FAANG is not exactly dead — Amazon and Netflix remain powerful — but streaming services and Amazon’s e-commerce business, if not its cloud, are perhaps less groundbreaking these days than the AI and agentic companies the tech industry is about to crown.
To that we say: farewell to FAANG! Long live the MANGOS!
(At least if they prove to be a nourishing foundation of a healthy economy powered by an upcoming autonomous AI age, and don’t usher in an unpalatable future where we all wind up jobless and broke.)