The Magnificent Seven is no longer enough—now it's called 'FAB10.' For a long time, the 'Magnificent Seven'—made up of Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla—has dominated the direction of the U.S. stock market and the global tech industry. But research firm Vanda Research believes this lineup can no longer fully reflect the competitive landscape of the AI era. Recently, the firm introduced the concept of 'FAB10' (Frontier AI & Big Tech 10), adding SpaceX, OpenAI, and Anthropic to the original Magnificent Seven lineup. They argue that these 10 companies will collectively shape the tech industry over the next decade. Among the three new additions, SpaceX is undoubtedly the most watched by the market. Following its IPO, SpaceX's stock price has continued to rise, climbing another 5% on Tuesday. The market expects its stock price to break $200 for the first time. At this price, the company's market cap would exceed $2.9 trillion, approaching Microsoft's market cap of approximately $2.95 trillion. Vanda Research believes SpaceX's successful IPO is not just a major event for the capital markets but also signals that investors are shifting their focus to next-generation frontier tech companies. Based on its current valuation, SpaceX has already joined the ranks of the world's most valuable companies. If SpaceX is combined with Tesla, another company under Elon Musk, their total market cap would reach approximately $4.2 trillion—close to Apple's current market cap.