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.

Listen to the full episode to hear:

Why Apple's biggest WWDC announcement might matter less than how they showed it, and what a $250M settlement had to do with the change

How Waymo just turned Apple's abandoned self-driving dream into its next big proving ground

What a $920 million-per-month compute deal between Google and SpaceX says about who's leading the AI infrastructure race

How Sam Bankman-Fried's pardon request and a new Zuckerberg biopic somehow ended with the Equity team getting cast by ChatGPT

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.

Learn more about your ad choices. Visit megaphone.fm/adchoices