①SpaceX has delivered strong performance since its U.S. listing, boosting market interest in artificial intelligence (AI) company stocks; ②Two Wall Street asset management firms plan to launch ETFs linked to 'MANGOS' (Meta, Anthropic, NVIDIA, Google, OpenAI, and SpaceX).
June 17 (Editor: Ma Lan) — Aerospace and artificial intelligence company SpaceX has posted impressive gains following its U.S. stock market debut, fueling investor enthusiasm for emerging AI-related equities and prompting the development of additional derivative products.
Late Monday, two Wall Street asset management firms disclosed plans to launch exchange-traded funds (ETFs) tied to the newly coined Wall Street AI stock acronym 'MANGOS.' Yorkville America, manager of the Truth Social ETF series, and ETF newcomer Corgi Securities have both filed applications with the U.S. Securities and Exchange Commission (SEC).
The term 'MANGOS' gained rapid traction on X and other social media platforms ahead of SpaceX’s IPO, referring to six AI-focused companies: Meta, Anthropic, NVIDIA, Google, OpenAI, and SpaceX.
This group aims to succeed the 'Magnificent Seven' as the next set of market leaders driving U.S. equity gains. Morningstar analyst Dan Sotiroff noted that this move exemplifies how rapidly new ETFs are being introduced in today’s market. The new basket will be even more concentrated than the Magnificent Seven and heavily reliant on major IPOs expected this year.
Concept Evolution
Among the MANGOS constituents, Anthropic and OpenAI are both planning to go public later this year, with each company expected to command a valuation of approximately $1 trillion. SpaceX’s robust market debut has undoubtedly laid a solid foundation for the anticipated IPOs of OpenAI and Anthropic.
Beyond the core MANGOS basket, Yorkville also plans to launch a broader portfolio called the Parabolic 7, which adds Micron Technology and SanDisk—two semiconductor firms that have significantly benefited from the proliferation of artificial intelligence—to the original MANGOS lineup.
Under SEC rules, the two MANGOS ETFs could begin trading as early as late August.
Meanwhile, the market is also watching another tech concept known as the FAB 10. Vanda Research notes that investors are increasingly focusing on the 'Top 10 Frontier AI and Big Tech Companies,' which include the Magnificent Seven plus SpaceX, as well as the soon-to-be-public OpenAI and Anthropic.
The company emphasized that if the past few years were defined by the dominance of the Magnificent Seven in the U.S. stock market, then SpaceX's IPO may be the clearest signal to date that the FAB 10 will collectively represent the future of artificial intelligence and technology and shape the next decade.
The FAB 10 include Alphabet (Google's parent company), Amazon, Apple, Meta, Microsoft, NVIDIA, Tesla, SpaceX, Anthropic, and OpenAI.