The Globe and Mail reports in its Tuesday edition that SpaceX roared into markets this past week with a valuation of more than $2-trillion (U.S.), surpassing two members of Wall Street's Magnificent Seven. A Reuters dispatch to The Globe questions whether the Mag 7 name still fits. The initial public offering, the biggest in U.S. history, vaulted SpaceX's value above two Mag 7 members: Elon Musk's other company, Tesla, and Meta Platforms. With trillion-dollar contenders such as OpenAI and Anthropic waiting in the IPO wings, the club may soon need a name change. With SpaceX's arrival, it becomes very hard to keep using Mag 7 as the clean shorthand for market leadership because one of the most important companies in the world would immediately be outside the label. These groupings are shorthand labels coined by strategists, investors and the media to capture the hottest big stocks at a given moment. Such monikers have a long history, ranging from the "Nifty 50" of the 1960s and 1970s to the "Four Horsemen" of the late 1990s dot-com boom. The SpaceX IPO has set off a race to devise the next cool acronym. One sobriquet gaining traction on X is "MANGOS," which stands for Meta, Anthropic, Nvidia, Alphabet, OpenAI and SpaceX.