SpaceX IPO Triggers Search for New Moniker for Leading Tech Firms

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The Magnificent 7 has for long been used as a moniker on Wall Street to refer to the leading technology stocks on markets. However, questions are now arising on whether that moniker is still adequate given the several companies that have grown to trillion-dollar valuations, including SpaceX that last week had its IPO and rocketed to a valuation above $2 trillion.

As the excitement ramps up within markets regarding the skyrocketing valuations of various tech firms, one wonders what entities like Microsoft Corp. (NASDAQ: MSFT) would think would be the best pick by…

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