Did SpaceX Just Boot Tesla from the Magnificent Seven?

According to a report from Barrons.com, SpaceX may have just knocked Tesla out of the Magnificent Seven. With its first trading-day valuation of $2.1 trillion, SpaceX is worth more than Tesla ($1.8 trillion based on its fully diluted share count) and Meta Platforms.

Details

The top six U.S. companies by market value are now Nvidia, Alphabet, Apple, Microsoft, Amazon.com, and SpaceX. This means Tesla has dropped out of the list, raising questions about whether the term "Magnificent Seven" is still relevant.

Context

The "Magnificent Seven" originally included Nvidia, Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms, and Tesla. With SpaceX's entry, the lineup has changed. It remains to be seen if a new term like "Dirty Dozen" will emerge.

What It Means for Investors

This shift reflects the market's evolving priorities toward space and advanced technology companies. Investors may need to reassess their portfolios as SpaceX emerges as a new powerhouse.