Should SpaceX Join the "Magnificent Seven"? Here's 1 Stock I'd Kick Out to Make Room.
A financial analysis explores whether newly public Space Exploration Technologies Corp. (SpaceX) could potentially replace an existing member of Wall Street's iconic 'Magnificent Seven' megacap tech group. Following its June market debut, SpaceX has established a significant market presence with an implied market capitalization reaching approximately $1.9 trillion, fueled by rapid growth in Starlink satellite internet and rocket launch capabilities. The analysis argues that if a reconstituted Magnificent Seven were created, Meta Platforms would be the prime candidate to be replaced rather than Tesla. While Tesla maintains unique consumer and autonomous vehicle exposure, SpaceX overlaps directly with Meta through its social media platform X and xAI's Grok large language model, while offering unique upside through global connectivity infrastructure and space transport. SpaceX's dual exposure to high-growth artificial intelligence and space infrastructure positions it as an emerging market titan capable of competing with premier mega-cap tech stocks over the long term.