New Mag 7 / Future Leaders Basket

The discussion

Philippe Lafont, appearing as a guest, expressed high conviction that the central investment thesis behind Coatue's new interval fund is to identify the next generation of dominant companies — roughly 25 in total — that will collectively form a "new Mag 7" over the next decade. He noted this basket would span both public and private markets, citing SpaceX and Stripe as examples of private companies already on his radar alongside public names he expects to grow larger. No other hosts offered competing or corroborating views on this thesis, so the perspective is solely Lafont's as shared on the May 9, 2025 episode.