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The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for what we can even expect from a public tech company in 2026.
On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane break down what this IPO moment actually means beyond the headline numbers, and who stands to benefit.
Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.
Chapters:
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
