The IPO market is back—but the companies leading the charge look very different from previous cycles. FAANG had a historic run, but a new acronym is taking center stage in 2026: MANGOS—Meta (or Microsoft, depending on whom you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of this group is heading to public markets within the same window, creating a high-stakes stress test for investors, valuations, and what we can expect from a public tech company in the current environment.
On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane unpack what this IPO moment means beyond the headline numbers—and who stands to benefit. They examine the unique pressures of pricing, regulatory scrutiny, and market timing as some of the most valuable private tech firms finally go public.
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Podcast Highlights
- 00:00 – Intro
- 00:47 – Sam Bankman-Fried wants Trump to pardon him
- 06:33 – Waymo snaps up Apple’s secret Arizona test track for $220M
- 10:19 – Google is paying SpaceX nearly $1B a month for compute
- 17:23 – Hot IPO summer: SpaceX, Anthropic, and OpenAI are all racing to go public
- 27:09 – Apple WWDC: Tim Cook says goodbye and Siri gets a do-over
- 33:09 – Outro
Note: This episode originally aired on June 12, 2026. The IPO landscape continues to evolve, but the core dynamics discussed here remain highly relevant for investors and tech observers alike.
via TechCrunch AI