Every org I've worked at since the last Rails project I worked on around 2014 has built JavaScript heavy thick clients on top of API's. That's not really where Rails shines, and I've not seen it around at all for newer projects since roughly that time.
It's anecdotal, but it's my experience that the industry has largely settled on the SPA + API's architecture, and the technologies every org I've worked at use to build those SPA's are either React, Angular, Vue, or very occasionally for niche cases their own JavaScript framework.
I understand that some people on Hacker News still dislike the complexity of modern front ends, and I get it, I really do. But I haven't seen any real alternatives that have been seriously used in anger to build an actual commercial application since React, Angular (and Vue) took over.