SpaceX News: SpaceX is betting heavily on space computing power! However, multiple challenges remain to be solved, and rail data centers may not truly achieve large-scale operation until the 2030s.

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- TimothieTimothie
  ·06-04
  Check
  It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.
  根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位"万亿富豪"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。
  It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.
  1.28K Comment
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- Invests no gamblingInvests no gambling
  ·05-18
  😉
  The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'
  5月18日，马斯克表示，他希望“很快”推进SpaceX的首次公开募股（IPO）。此前消息，SpaceX正大幅加快IPO进程。原定于6月下旬（马斯克生日前后）的上市计划，现已调整为最早于下周三（5月20日）公开招股说明书，6月4日启动路演，6月11日确定发行价格，最早于6月12日正式挂牌交易，股票代码为“SPCX”。知情人士透露，美国证券交易委员会（SEC）对公司IPO文件的审查进度快于预期，是此次上市时间表提前的主要原因。
  The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'
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- DAVIDWUDAVIDWU
  ·05-08
  [得意] [开心]
  Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return
  截至2025年底，谷歌持有SpaceX 6.11%的股权；今年2月SpaceX与xAI完成合并后，谷歌的持股被稀释至约5%。若SpaceX以2万亿美元估值完成上市，这笔早期投资的账面价值将达到1000亿美元。
  Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return
  1.81K Comment
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- TimothieTimothie
  ·06-04
  Check
  It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.
  根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位"万亿富豪"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。
  It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.
  1.28K Comment
  1
  Share
  Report
- Invests no gamblingInvests no gambling
  ·05-18
  😉
  The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'
  5月18日，马斯克表示，他希望“很快”推进SpaceX的首次公开募股（IPO）。此前消息，SpaceX正大幅加快IPO进程。原定于6月下旬（马斯克生日前后）的上市计划，现已调整为最早于下周三（5月20日）公开招股说明书，6月4日启动路演，6月11日确定发行价格，最早于6月12日正式挂牌交易，股票代码为“SPCX”。知情人士透露，美国证券交易委员会（SEC）对公司IPO文件的审查进度快于预期，是此次上市时间表提前的主要原因。
  The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'
  1.12K Comment
  1
  Share
  Report
- DAVIDWUDAVIDWU
  ·05-08
  [得意] [开心]
  Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return
  截至2025年底，谷歌持有SpaceX 6.11%的股权；今年2月SpaceX与xAI完成合并后，谷歌的持股被稀释至约5%。若SpaceX以2万亿美元估值完成上市，这笔早期投资的账面价值将达到1000亿美元。
  Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return
  1.81K Comment
  1
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  Report

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However, multiple challenges remain to be solved, and rail data centers may not truly achieve large-scale operation until the 2030s.","description":"SpaceX, a space exploration company controlled by Musk, landed on Nasdaq on June 12th, giving a quick look at the post-listing developments.","image":"https://community-static.tradeup.com/news/1201dcc0482be040348fb8d4f228bb68","type":2,"style":4,"follow":false,"createTime":1774507769713,"userCounts":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":6c5b1e98ab57449e9a363569b6b7313b}&rnconfig={\"headerBarHidden\": true}","subscribe":false,"allowSubscriptionFinancial":true,"subscriberCount":31300,"allowFollow":false,"hasReward":false,"rewardScore":0,"rewardValidDate":0,"rewardEnd":false,"symbols":["SPCX"],"tweetCounts":42,"categoryId":"2929bb7468f5415f853fd96fb35d7c3b","options":[],"votedOptionId":"","totalUserCount":0,"followStatus":false,"themeName":"SpaceX News: SpaceX is betting heavily on space computing power! However, multiple challenges remain to be solved, and rail data centers may not truly achieve large-scale operation until the 2030s.","tweetAmount":42,"imageIsDefault":false,"aiDerivativeIssues":[]},"tab":"all","isFinancial":true,"allList":[{"id":571579328098448,"gmtCreate":1780568237082,"gmtModify":1780568239669,"author":{"id":"4106403648717090","authorId":"4106403648717090","name":"Timothie","avatar":"https://community-static.tradeup.com/news/981751a1cd798da3eeb517e09dec378a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106403648717090","authorIdStr":"4106403648717090"},"themes":[],"title":"","htmlText":"&nbsp;Check&nbsp;","listText":"&nbsp;Check&nbsp;","text":"Check","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/571579328098448","repostId":"2640187819","repostType":2,"repost":{"id":"2640187819","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1780524130,"share":"https://ttm.financial/m/news/2640187819?lang=en_US&edition=fundamental","pubTime":"2026-06-04 06:02","market":"sh","language":"zh","title":"It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.","url":"https://stock-news.laohu8.com/highlight/detail?id=2640187819","media":"华尔街见闻","summary":"根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位\"万亿富豪\"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。","content":"<p><html><head></head><body>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</p><p><p style=\"text-align: justify;\">SpaceX will officially go public on June 12, issuing 555.6 million shares and raising $75 billion.</p><p><p style=\"text-align: justify;\">According to a filing with the U.S. Securities and Exchange Commission on Wednesday, SpaceX plans to issue approximately 555.6 million shares at $135 per share, representing a market capitalization of nearly $1.77 trillion.</p><p><p style=\"text-align: justify;\">The shares are expected to begin issuance on June 11 and will be listed on Nasdaq and the Nasdaq Texas Exchange the following day under the ticker symbol \"SPCX\".</p><p><p style=\"text-align: justify;\">After the completion of this IPO,<strong>Musk will have approximately 84.4% of the voting rights, maintaining absolute control over the company.</strong></p><p><p style=\"text-align: justify;\"><strong>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</strong></p><p><p style=\"text-align: justify;\">However, SpaceX's IPO was not without controversy. Analyst Morningstar believes the company is \"severely overvalued,\" with a valuation of approximately $780 billion based on a discounted cash flow model, less than half of its IPO target valuation.</p><p><h2 id=\"ipo\">Largest IPO in history: Scale crushes Saudi Aramco</h2><p style=\"text-align: justify;\">The $75 billion financing scale will easily surpass Saudi Aramco's $29.9 billion IPO record set in 2019, becoming the world's largest IPO in history.</p><p><p style=\"text-align: justify;\"><strong>SpaceX will use a fixed offering price for its pricing.</strong>Instead of the practice of announcing a price range first and then inquiring about prices through a roadshow, which is a rare precedent in the US market and more common in Asian and European markets, large IPOs in the United States do.</p><p><p style=\"text-align: justify;\">Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase served as joint lead underwriters, with 18 other banks participating in the underwriting, covering almost all of the world's major investment banks.</p><p><p style=\"text-align: justify;\">SpaceX's IPO is expected to also...<strong>OpenAI</strong>with<strong>Anthropic</strong>The IPO plan is paving the way.<strong>Both companies intend to complete their IPOs this year, aiming to raise tens of billions of dollars.</strong></p><p><p style=\"text-align: justify;\">Goldman Sachs' Christina Minnis recently stated at the Bloomberg Global Credit Forum that the boom in AI investment is a \"fundamental, generational\" phenomenon that is driving the market and permeating the overall economy.</p><p><h2 id=\"597f892e\">Revenue grew strongly but net losses widened; the business logic remains to be verified.</h2><p style=\"text-align: justify;\">SpaceX's financial data presents a distinct two-sided picture, posing certain challenges to investors.</p><p><p style=\"text-align: justify;\">According to the prospectus, the company achieved revenue of $18.7 billion last year, a significant increase from $14 billion in 2024, but its net loss during the same period turned from a profit of $791 million in 2024 to a loss of $4.94 billion.</p><p><p style=\"text-align: justify;\">The company plans to use the funds raised from its IPO to expand its AI business, rocket launches, and satellite infrastructure.</p><p><p style=\"text-align: justify;\"><strong>According to its prospectus, SpaceX must also use part of its debt financing and the proceeds from this IPO to repay at least part of a $20 billion bridge loan within six months of its IPO. This loan was previously mainly used to replace high-interest junk bonds issued by Musk's social media and AI companies.</strong></p><p><p style=\"text-align: justify;\"><strong>In terms of cash flow pressure</strong>The document discloses that SpaceX has signed a contract with Anthropic to provide the latter with AI computing power services. The contract amount is $1.25 billion per month, which is expected to alleviate the funding needs of its AI business to some extent.</p><p><p style=\"text-align: justify;\">Both parties can give 90 days' notice to terminate the agreement. Musk stated on the X platform on May 28 that SpaceX has not yet committed to a multi-year lease, but it is \"possible\" that it will be extended.</p><p><p style=\"text-align: justify;\">The prospectus also shows that SpaceX positions the potential market size at $28.5 trillion, with AI infrastructure being a core opportunity, including the construction of space data centers.</p><p><h2 id=\"19480143\">The governance structure has sparked controversy, but Musk maintains firm control.</h2><p style=\"text-align: justify;\">SpaceX's shareholding structure gives Musk near-absolute control.</p><p><p style=\"text-align: justify;\">By holding Class B shares (10 votes per share and 1 vote per Class A share), Musk controls 84.4% of the voting rights. Holding 93.6% of Class B shares is enough to determine 51% of the board seats and can block any resolution to remove him from his leadership position.</p><p><p style=\"text-align: justify;\">The Alliance to Protect Shareholder Value, a consortium of nonprofit organizations, issued a statement on May 26 criticizing SpaceX's governance policies for \"attempting to severely weaken Shareholder protections in a novel and reckless manner while granting SpaceX's leadership nearly all executive power.\"</p><p><p style=\"text-align: justify;\">In terms of shareholder structure, Valor Equity Partners will maintain its position as the second largest disclosed shareholder, holding 6.7% of Class A shares.</p><p><p style=\"text-align: justify;\">Antonio Gracias, founder of Valor and a longtime ally of Musk, is a member of SpaceX's board of directors and has supported the rocket company for over a decade.</p><p><h2 id=\"f99c2adf\">Morningstar warns that high valuations pose downside risks.</h2><p style=\"text-align: justify;\">Despite market enthusiasm for SpaceX's IPO, Morningstar analysts offered a more cautious assessment.</p><p><p style=\"text-align: justify;\">Morningstar believes that there are multiple possible scenarios for the potential profitability of SpaceX's xAI division, and that the \"economic moat is unclear,\" which it regards as a hidden danger that poses a \"substantial threat of value destruction\" to the company.</p><p><p style=\"text-align: justify;\"><strong>Based on a discounted cash flow model, Morningstar's valuation is $780 billion, which is about 48% lower than SpaceX's IPO target valuation of approximately $1.75 trillion.</strong></p><p><p style=\"text-align: justify;\">However, Morningstar also admitted,<strong>Multiple factors may support SpaceX's share price to remain strong in the short term after its IPO.</strong>This includes relatively small initial liquidity, almost every major investment bank in the world participating in the underwriting, and high investor enthusiasm for AI infrastructure.</p><p><p style=\"text-align: justify;\">Furthermore, SpaceX is expected to be included in the Nasdaq 100 index just 15 trading days after its IPO, a speed unprecedented in history.</p><p><p style=\"text-align: justify;\">Morningstar stated that even so, investors may have the opportunity to enter the market at a more attractive price after the IPO.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-06-04 06:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</p><p><p style=\"text-align: justify;\">SpaceX will officially go public on June 12, issuing 555.6 million shares and raising $75 billion.</p><p><p style=\"text-align: justify;\">According to a filing with the U.S. Securities and Exchange Commission on Wednesday, SpaceX plans to issue approximately 555.6 million shares at $135 per share, representing a market capitalization of nearly $1.77 trillion.</p><p><p style=\"text-align: justify;\">The shares are expected to begin issuance on June 11 and will be listed on Nasdaq and the Nasdaq Texas Exchange the following day under the ticker symbol \"SPCX\".</p><p><p style=\"text-align: justify;\">After the completion of this IPO,<strong>Musk will have approximately 84.4% of the voting rights, maintaining absolute control over the company.</strong></p><p><p style=\"text-align: justify;\"><strong>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</strong></p><p><p style=\"text-align: justify;\">However, SpaceX's IPO was not without controversy. Analyst Morningstar believes the company is \"severely overvalued,\" with a valuation of approximately $780 billion based on a discounted cash flow model, less than half of its IPO target valuation.</p><p><h2 id=\"ipo\">Largest IPO in history: Scale crushes Saudi Aramco</h2><p style=\"text-align: justify;\">The $75 billion financing scale will easily surpass Saudi Aramco's $29.9 billion IPO record set in 2019, becoming the world's largest IPO in history.</p><p><p style=\"text-align: justify;\"><strong>SpaceX will use a fixed offering price for its pricing.</strong>Instead of the practice of announcing a price range first and then inquiring about prices through a roadshow, which is a rare precedent in the US market and more common in Asian and European markets, large IPOs in the United States do.</p><p><p style=\"text-align: justify;\">Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase served as joint lead underwriters, with 18 other banks participating in the underwriting, covering almost all of the world's major investment banks.</p><p><p style=\"text-align: justify;\">SpaceX's IPO is expected to also...<strong>OpenAI</strong>with<strong>Anthropic</strong>The IPO plan is paving the way.<strong>Both companies intend to complete their IPOs this year, aiming to raise tens of billions of dollars.</strong></p><p><p style=\"text-align: justify;\">Goldman Sachs' Christina Minnis recently stated at the Bloomberg Global Credit Forum that the boom in AI investment is a \"fundamental, generational\" phenomenon that is driving the market and permeating the overall economy.</p><p><h2 id=\"597f892e\">Revenue grew strongly but net losses widened; the business logic remains to be verified.</h2><p style=\"text-align: justify;\">SpaceX's financial data presents a distinct two-sided picture, posing certain challenges to investors.</p><p><p style=\"text-align: justify;\">According to the prospectus, the company achieved revenue of $18.7 billion last year, a significant increase from $14 billion in 2024, but its net loss during the same period turned from a profit of $791 million in 2024 to a loss of $4.94 billion.</p><p><p style=\"text-align: justify;\">The company plans to use the funds raised from its IPO to expand its AI business, rocket launches, and satellite infrastructure.</p><p><p style=\"text-align: justify;\"><strong>According to its prospectus, SpaceX must also use part of its debt financing and the proceeds from this IPO to repay at least part of a $20 billion bridge loan within six months of its IPO. This loan was previously mainly used to replace high-interest junk bonds issued by Musk's social media and AI companies.</strong></p><p><p style=\"text-align: justify;\"><strong>In terms of cash flow pressure</strong>The document discloses that SpaceX has signed a contract with Anthropic to provide the latter with AI computing power services. The contract amount is $1.25 billion per month, which is expected to alleviate the funding needs of its AI business to some extent.</p><p><p style=\"text-align: justify;\">Both parties can give 90 days' notice to terminate the agreement. Musk stated on the X platform on May 28 that SpaceX has not yet committed to a multi-year lease, but it is \"possible\" that it will be extended.</p><p><p style=\"text-align: justify;\">The prospectus also shows that SpaceX positions the potential market size at $28.5 trillion, with AI infrastructure being a core opportunity, including the construction of space data centers.</p><p><h2 id=\"19480143\">The governance structure has sparked controversy, but Musk maintains firm control.</h2><p style=\"text-align: justify;\">SpaceX's shareholding structure gives Musk near-absolute control.</p><p><p style=\"text-align: justify;\">By holding Class B shares (10 votes per share and 1 vote per Class A share), Musk controls 84.4% of the voting rights. Holding 93.6% of Class B shares is enough to determine 51% of the board seats and can block any resolution to remove him from his leadership position.</p><p><p style=\"text-align: justify;\">The Alliance to Protect Shareholder Value, a consortium of nonprofit organizations, issued a statement on May 26 criticizing SpaceX's governance policies for \"attempting to severely weaken Shareholder protections in a novel and reckless manner while granting SpaceX's leadership nearly all executive power.\"</p><p><p style=\"text-align: justify;\">In terms of shareholder structure, Valor Equity Partners will maintain its position as the second largest disclosed shareholder, holding 6.7% of Class A shares.</p><p><p style=\"text-align: justify;\">Antonio Gracias, founder of Valor and a longtime ally of Musk, is a member of SpaceX's board of directors and has supported the rocket company for over a decade.</p><p><h2 id=\"f99c2adf\">Morningstar warns that high valuations pose downside risks.</h2><p style=\"text-align: justify;\">Despite market enthusiasm for SpaceX's IPO, Morningstar analysts offered a more cautious assessment.</p><p><p style=\"text-align: justify;\">Morningstar believes that there are multiple possible scenarios for the potential profitability of SpaceX's xAI division, and that the \"economic moat is unclear,\" which it regards as a hidden danger that poses a \"substantial threat of value destruction\" to the company.</p><p><p style=\"text-align: justify;\"><strong>Based on a discounted cash flow model, Morningstar's valuation is $780 billion, which is about 48% lower than SpaceX's IPO target valuation of approximately $1.75 trillion.</strong></p><p><p style=\"text-align: justify;\">However, Morningstar also admitted,<strong>Multiple factors may support SpaceX's share price to remain strong in the short term after its IPO.</strong>This includes relatively small initial liquidity, almost every major investment bank in the world participating in the underwriting, and high investor enthusiasm for AI infrastructure.</p><p><p style=\"text-align: justify;\">Furthermore, SpaceX is expected to be included in the Nasdaq 100 index just 15 trading days after its IPO, a speed unprecedented in history.</p><p><p style=\"text-align: justify;\">Morningstar stated that even so, investors may have the opportunity to enter the market at a more attractive price after the IPO.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37a92dcaf28f64e8cb7016e217314e1f","relate_stocks":{"DXYZ":"Destiny Tech100 Inc","BK4615":"SpaceX概念","SPCX":"SPAC and New Issue ETF"},"source_url":"https://wallstreetcn.com/articles/3773813","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2640187819","content_text":"根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位\"万亿富豪\"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。SpaceX将于6月12日正式上市交易，发行规模5.556亿股，募集750亿美元。根据周三向美国证券交易委员会提交的文件，SpaceX计划以每股135美元的价格发行约5.556亿股，对应市值接近1.77万亿美元。股票预计于6月11日开始发行，并于次日在纳斯达克及纳斯达克德克萨斯交易所以\"SPCX\"为代码挂牌交易。此次IPO完成后，马斯克将拥有约84.4%的投票权，对公司保持绝对控制。根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位\"万亿富豪\"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。然而，SpaceX的上市并非没有争议。分析机构晨星公司认为该公司\"被严重高估\"，其基于现金流折现模型的估值约为7800亿美元，不足IPO目标估值的一半。历史最大IPO：规模碾压沙特阿美750亿美元的融资规模，将轻松超越沙特阿美2019年创下的299亿美元IPO纪录，成为全球有史以来规模最大的上市。SpaceX此次采用固定发行价方式定价，而非美国大型IPO惯例的先公布价格区间、再通过路演询价的方式，这在美国市场罕见先例，在亚欧市场则更为普遍。高盛、摩根士丹利、美国银行、花旗集团及摩根大通担任联席主承销商，另有18家银行参与承销，几乎囊括全球主要投行。SpaceX此次上市，预计还将为OpenAI与Anthropic的IPO计划铺路。上述两家公司均有意在今年完成上市，目标融资规模均达数百亿美元。高盛集团Christina Minnis近日在彭博全球信贷论坛上表示，AI投资的繁荣是\"根本性的、一代人的\"现象，正在驱动市场并渗透至整体经济。营收高增但净亏损扩大，商业逻辑待验证SpaceX的财务数据呈现出鲜明的两面性，给投资者带来一定挑战。招股文件显示，公司去年实现营收187亿美元，较2024年的140亿美元大幅增长，但同期净亏损由2024年的盈利7.91亿美元转为亏损49.4亿美元。公司计划将IPO募集资金用于扩张AI业务、火箭发射及卫星基础设施。根据招股文件，SpaceX还须在上市后六个月内，使用部分债务融资及本次IPO所得，偿还至少部分共200亿美元的过桥贷款，该贷款此前主要用于置换马斯克社交媒体及AI公司的高息垃圾债。在现金流压力方面，文件披露SpaceX已与Anthropic签署合同，向后者提供AI算力服务，合同金额为每月12.5亿美元，有望一定程度上缓解其AI业务的资金需求。双方均可提前90天通知终止协议，马斯克5月28日在X平台上表示，SpaceX尚未承诺多年租赁，但\"有可能\"延续。招股文件同时显示，SpaceX将潜在市场规模定位于28.5万亿美元，其中AI基础设施是核心机遇，包括建造太空数据中心。治理结构引发争议，马斯克牢握控制权SpaceX的股权架构赋予马斯克近乎绝对的控制权。马斯克通过持有B类股（每股10票投票权，A类股每股1票）控制84.4%的投票权，持有93.6%的B类股份，足以决定51%的董事会席位，并可阻止任何罢免自身领导职位的决议。非营利组织联合体Alliance to Protect Shareholder Value于5月26日发表声明，批评SpaceX的治理政策\"试图以新颖且鲁莽的方式严重削弱对股东的保护，同时赋予SpaceX领导层近乎全部的行政权力\"。就股东结构而言，Valor Equity Partners将维持第二大披露股东地位，持有6.7%的A类股。Valor创始人、马斯克长期盟友Antonio Gracias是SpaceX董事会成员，已支持这家火箭公司逾十年。晨星警示，高估值潜藏下行风险尽管市场对SpaceX上市热情高涨，晨星公司的分析师提出了更为审慎的判断。晨星认为，SpaceX旗下xAI部门的潜在盈利能力存在多种可能情景，且\"经济护城河不明朗\"，将其视为对公司构成\"实质性价值破坏威胁\"的隐患。基于现金流折现模型，晨星给出的估值为7800亿美元，较SpaceX约1.75万亿美元的IPO目标估值低约48%。不过，晨星也承认，多重因素可能支撑SpaceX上市后股价短期内保持坚挺，包括初始流通量偏小、几乎全球每家主要投行参与承销、投资者对AI基础设施需求的高涨热情。此外，SpaceX有望在上市后仅15个交易日即被纳入纳斯达克100指数，这一速度在历史上前所未有。晨星表示，即便如此，投资者在IPO之后或将有机会以更具吸引力的价格入场。","news_type":1,"symbols_score_info":{"SPCX":2,"DXYZ":2}},"isVote":1,"tweetType":1,"viewCount":1278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":565541991387336,"gmtCreate":1779104881053,"gmtModify":1779105235493,"author":{"id":"4204818795581912","authorId":"4204818795581912","name":"Invests no gambling","avatar":"https://community-static.tradeup.com/news/36fa51bb4b75c0adc6108bf97e8a90fe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4204818795581912","authorIdStr":"4204818795581912"},"themes":[],"title":"","htmlText":"😉","listText":"😉","text":"😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/565541991387336","repostId":"1119723737","repostType":2,"repost":{"id":"1119723737","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1779088419,"share":"https://ttm.financial/m/news/1119723737?lang=en_US&edition=fundamental","pubTime":"2026-05-18 15:13","market":"us","language":"zh","title":"The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'","url":"https://stock-news.laohu8.com/highlight/detail?id=1119723737","media":"老虎资讯综合","summary":"5月18日，马斯克表示，他希望“很快”推进SpaceX的首次公开募股（IPO）。此前消息，SpaceX正大幅加快IPO进程。原定于6月下旬（马斯克生日前后）的上市计划，现已调整为最早于下周三（5月20日）公开招股说明书，6月4日启动路演，6月11日确定发行价格，最早于6月12日正式挂牌交易，股票代码为“SPCX”。知情人士透露，美国证券交易委员会（SEC）对公司IPO文件的审查进度快于预期，是此次上市时间表提前的主要原因。","content":"<p><html><head></head><body>On May 18, Musk said he hoped to move forward with SpaceX's initial public offering (IPO) \"soon.\"</p><p>Previously, SpaceX is accelerating the listing process, pointing to the largest initial public offering in history. On Friday, local time, the Wall Street Journal quoted people familiar with the matter to report that SpaceX, a rocket company owned by Elon Musk, plans to be officially listed on June 12th, with an estimated financing scale of 80 billion dollars or more, and the listing place is Nasdaq. If the plan goes smoothly, it will become the largest IPO in the history of global capital markets.</p><p><p style=\"text-align: justify;\">The proceeds from this round of financing will be mainly used to promote the large-scale launch plan of the \"Starship\" project and build a data center network deployed in low Earth orbit.</p><p><p style=\"text-align: justify;\">According to Reuters, citing people familiar with the matter, SpaceX has significantly advanced its original timetable-it was originally planned to complete the listing process in late June (around Musk's birthday), but it has now been adjusted to make a public prospectus as early as next Wednesday, launch a roadshow on June 4, and officially go public on June 12.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2026-05-18 15:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On May 18, Musk said he hoped to move forward with SpaceX's initial public offering (IPO) \"soon.\"</p><p>Previously, SpaceX is accelerating the listing process, pointing to the largest initial public offering in history. On Friday, local time, the Wall Street Journal quoted people familiar with the matter to report that SpaceX, a rocket company owned by Elon Musk, plans to be officially listed on June 12th, with an estimated financing scale of 80 billion dollars or more, and the listing place is Nasdaq. If the plan goes smoothly, it will become the largest IPO in the history of global capital markets.</p><p><p style=\"text-align: justify;\">The proceeds from this round of financing will be mainly used to promote the large-scale launch plan of the \"Starship\" project and build a data center network deployed in low Earth orbit.</p><p><p style=\"text-align: justify;\">According to Reuters, citing people familiar with the matter, SpaceX has significantly advanced its original timetable-it was originally planned to complete the listing process in late June (around Musk's birthday), but it has now been adjusted to make a public prospectus as early as next Wednesday, launch a roadshow on June 4, and officially go public on June 12.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37a92dcaf28f64e8cb7016e217314e1f","relate_stocks":{"DXYZ":"Destiny Tech100 Inc"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119723737","content_text":"5月18日，马斯克表示，他希望“很快”推进SpaceX的首次公开募股（IPO）。此前消息，SpaceX正加速推进上市进程，剑指史上规模最大的首次公开募股。当地时间上周五，华尔街日报援引知情人士消息报道，埃隆·马斯克旗下火箭公司SpaceX计划于6月12日正式挂牌上市，预计融资规模高达800亿美元甚至更多，上市地点为纳斯达克。若计划顺利推进，这将成为全球资本市场有史以来规模最大的IPO。本轮融资所得将主要用于推动“星舰”（Starship）项目的大规模发射计划，以及建设部署于近地轨道的数据中心网络。另据路透援引知情人士报道，SpaceX已大幅提前原定时间表——原计划于6月下旬（马斯克生日前后）完成上市流程，现已调整为最早于下周三公开招股说明书，6月4日启动路演，并于6月12日正式上市。","news_type":1,"symbols_score_info":{"DXYZ":2}},"isVote":1,"tweetType":1,"viewCount":1118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":561718170633328,"gmtCreate":1778169941859,"gmtModify":1778169945541,"author":{"id":"3566391244874682","authorId":"3566391244874682","name":"DAVIDWU","avatar":"https://static.tigerbbs.com/f1b7530028af75dc332a97a709903665","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566391244874682","authorIdStr":"3566391244874682"},"themes":[],"title":"","htmlText":"[得意]&nbsp; [开心]&nbsp;&nbsp;","listText":"[得意]&nbsp; [开心]&nbsp;&nbsp;","text":"[得意] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/561718170633328","repostId":"2627232200","repostType":2,"repost":{"id":"2627232200","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1776281010,"share":"https://ttm.financial/m/news/2627232200?lang=en_US&edition=fundamental","pubTime":"2026-04-16 03:23","market":"us","language":"zh","title":"Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return","url":"https://stock-news.laohu8.com/highlight/detail?id=2627232200","media":"华尔街见闻","summary":"截至2025年底，谷歌持有SpaceX 6.11%的股权；今年2月SpaceX与xAI完成合并后，谷歌的持股被稀释至约5%。若SpaceX以2万亿美元估值完成上市，这笔早期投资的账面价值将达到1000亿美元。","content":"<p><html><head></head><body>Under Alphabet<a href=\"https://laohu8.com/S/GOOG\">Google</a>Holding more than 5% of SpaceX, if the rocket company completes its listing at a valuation of $2 trillion, the book value of this early investment will exceed $100 billion.</p><p>According to SpaceX's regulatory filing in Alaska this week,<a href=\"https://laohu8.com/S/GOOGL\">Google</a>Has a 6.11% stake in the company (at the end of 2025). Alaska statutes require businesses to disclose shareholders holding 5% and more of the shares.</p><p>According to Bloomberg's calculation, after the merger between SpaceX and Musk's artificial intelligence and social media company xAI in February this year, Google's shareholding ratio has been diluted to about 5%. If calculated at a valuation of $2 trillion, the equivalent value of this holding is about $100 billion.</p><p>SpaceX has secretly submitted a listing application, aiming to go public in June this year. The IPO, which plans to raise up to $75 billion, is expected to be the largest initial public offering in history.</p><p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/242e0506867eae859644ed0c4a2a0fdf\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p><h2 id=\"id_1291465928\">First explicit disclosure of the size of Google's holdings</h2>The significance of the disclosure of this document is that the fact that Google holds SpaceX has been known to the market before, but the exact proportion of the stake has never been made public before.</p><p>According to Alaska's disclosure requirements, only two parties in the document are required to disclose their holdings: Google, and Musk himself, who holds about 40% of SpaceX.</p><p>Based on the shareholding ratio of 6.11% before dilution and the valuation of $2 trillion, the value of Google's equity is about $122 billion; After dilution to about 5%, the equivalent value is still about $100 billion.</p><p><h2 id=\"id_2926862902\">SpaceX going public or creating a lot of wealth</h2>SpaceX IPO expectations are bringing considerable potential wealth to early-stage investors and core teams.</p><p>With a market capitalization of $2 trillion, a mere 0.05% shareholder is enough to become a billionaire overnight. Musk's holding of about 40% will make his wealth jump sharply; The personal assets of longtime executives such as SpaceX President Gwynne Shotwell are also expected to increase significantly with them.</p><p>SpaceX hopes to exceed its $2 trillion valuation target when it goes public. If finally realized, the IPO will be the largest initial public offering in the world to date.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-04-16 03:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Under Alphabet<a href=\"https://laohu8.com/S/GOOG\">Google</a>Holding more than 5% of SpaceX, if the rocket company completes its listing at a valuation of $2 trillion, the book value of this early investment will exceed $100 billion.</p><p>According to SpaceX's regulatory filing in Alaska this week,<a href=\"https://laohu8.com/S/GOOGL\">Google</a>Has a 6.11% stake in the company (at the end of 2025). Alaska statutes require businesses to disclose shareholders holding 5% and more of the shares.</p><p>According to Bloomberg's calculation, after the merger between SpaceX and Musk's artificial intelligence and social media company xAI in February this year, Google's shareholding ratio has been diluted to about 5%. If calculated at a valuation of $2 trillion, the equivalent value of this holding is about $100 billion.</p><p>SpaceX has secretly submitted a listing application, aiming to go public in June this year. The IPO, which plans to raise up to $75 billion, is expected to be the largest initial public offering in history.</p><p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/242e0506867eae859644ed0c4a2a0fdf\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p><h2 id=\"id_1291465928\">First explicit disclosure of the size of Google's holdings</h2>The significance of the disclosure of this document is that the fact that Google holds SpaceX has been known to the market before, but the exact proportion of the stake has never been made public before.</p><p>According to Alaska's disclosure requirements, only two parties in the document are required to disclose their holdings: Google, and Musk himself, who holds about 40% of SpaceX.</p><p>Based on the shareholding ratio of 6.11% before dilution and the valuation of $2 trillion, the value of Google's equity is about $122 billion; After dilution to about 5%, the equivalent value is still about $100 billion.</p><p><h2 id=\"id_2926862902\">SpaceX going public or creating a lot of wealth</h2>SpaceX IPO expectations are bringing considerable potential wealth to early-stage investors and core teams.</p><p>With a market capitalization of $2 trillion, a mere 0.05% shareholder is enough to become a billionaire overnight. Musk's holding of about 40% will make his wealth jump sharply; The personal assets of longtime executives such as SpaceX President Gwynne Shotwell are also expected to increase significantly with them.</p><p>SpaceX hopes to exceed its $2 trillion valuation target when it goes public. If finally realized, the IPO will be the largest initial public offering in the world to date.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/46029346cc3e64319c2b318fd1af0381","relate_stocks":{"LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4503":"景林资产持仓","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","BK4566":"资本集团","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1803068979.SGD":"FTIF - 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SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.","url":"https://stock-news.laohu8.com/highlight/detail?id=2640187819","media":"华尔街见闻","summary":"根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位\"万亿富豪\"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。","content":"<p><html><head></head><body>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</p><p><p style=\"text-align: justify;\">SpaceX will officially go public on June 12, issuing 555.6 million shares and raising $75 billion.</p><p><p style=\"text-align: justify;\">According to a filing with the U.S. Securities and Exchange Commission on Wednesday, SpaceX plans to issue approximately 555.6 million shares at $135 per share, representing a market capitalization of nearly $1.77 trillion.</p><p><p style=\"text-align: justify;\">The shares are expected to begin issuance on June 11 and will be listed on Nasdaq and the Nasdaq Texas Exchange the following day under the ticker symbol \"SPCX\".</p><p><p style=\"text-align: justify;\">After the completion of this IPO,<strong>Musk will have approximately 84.4% of the voting rights, maintaining absolute control over the company.</strong></p><p><p style=\"text-align: justify;\"><strong>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</strong></p><p><p style=\"text-align: justify;\">However, SpaceX's IPO was not without controversy. Analyst Morningstar believes the company is \"severely overvalued,\" with a valuation of approximately $780 billion based on a discounted cash flow model, less than half of its IPO target valuation.</p><p><h2 id=\"ipo\">Largest IPO in history: Scale crushes Saudi Aramco</h2><p style=\"text-align: justify;\">The $75 billion financing scale will easily surpass Saudi Aramco's $29.9 billion IPO record set in 2019, becoming the world's largest IPO in history.</p><p><p style=\"text-align: justify;\"><strong>SpaceX will use a fixed offering price for its pricing.</strong>Instead of the practice of announcing a price range first and then inquiring about prices through a roadshow, which is a rare precedent in the US market and more common in Asian and European markets, large IPOs in the United States do.</p><p><p style=\"text-align: justify;\">Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase served as joint lead underwriters, with 18 other banks participating in the underwriting, covering almost all of the world's major investment banks.</p><p><p style=\"text-align: justify;\">SpaceX's IPO is expected to also...<strong>OpenAI</strong>with<strong>Anthropic</strong>The IPO plan is paving the way.<strong>Both companies intend to complete their IPOs this year, aiming to raise tens of billions of dollars.</strong></p><p><p style=\"text-align: justify;\">Goldman Sachs' Christina Minnis recently stated at the Bloomberg Global Credit Forum that the boom in AI investment is a \"fundamental, generational\" phenomenon that is driving the market and permeating the overall economy.</p><p><h2 id=\"597f892e\">Revenue grew strongly but net losses widened; the business logic remains to be verified.</h2><p style=\"text-align: justify;\">SpaceX's financial data presents a distinct two-sided picture, posing certain challenges to investors.</p><p><p style=\"text-align: justify;\">According to the prospectus, the company achieved revenue of $18.7 billion last year, a significant increase from $14 billion in 2024, but its net loss during the same period turned from a profit of $791 million in 2024 to a loss of $4.94 billion.</p><p><p style=\"text-align: justify;\">The company plans to use the funds raised from its IPO to expand its AI business, rocket launches, and satellite infrastructure.</p><p><p style=\"text-align: justify;\"><strong>According to its prospectus, SpaceX must also use part of its debt financing and the proceeds from this IPO to repay at least part of a $20 billion bridge loan within six months of its IPO. This loan was previously mainly used to replace high-interest junk bonds issued by Musk's social media and AI companies.</strong></p><p><p style=\"text-align: justify;\"><strong>In terms of cash flow pressure</strong>The document discloses that SpaceX has signed a contract with Anthropic to provide the latter with AI computing power services. The contract amount is $1.25 billion per month, which is expected to alleviate the funding needs of its AI business to some extent.</p><p><p style=\"text-align: justify;\">Both parties can give 90 days' notice to terminate the agreement. Musk stated on the X platform on May 28 that SpaceX has not yet committed to a multi-year lease, but it is \"possible\" that it will be extended.</p><p><p style=\"text-align: justify;\">The prospectus also shows that SpaceX positions the potential market size at $28.5 trillion, with AI infrastructure being a core opportunity, including the construction of space data centers.</p><p><h2 id=\"19480143\">The governance structure has sparked controversy, but Musk maintains firm control.</h2><p style=\"text-align: justify;\">SpaceX's shareholding structure gives Musk near-absolute control.</p><p><p style=\"text-align: justify;\">By holding Class B shares (10 votes per share and 1 vote per Class A share), Musk controls 84.4% of the voting rights. Holding 93.6% of Class B shares is enough to determine 51% of the board seats and can block any resolution to remove him from his leadership position.</p><p><p style=\"text-align: justify;\">The Alliance to Protect Shareholder Value, a consortium of nonprofit organizations, issued a statement on May 26 criticizing SpaceX's governance policies for \"attempting to severely weaken Shareholder protections in a novel and reckless manner while granting SpaceX's leadership nearly all executive power.\"</p><p><p style=\"text-align: justify;\">In terms of shareholder structure, Valor Equity Partners will maintain its position as the second largest disclosed shareholder, holding 6.7% of Class A shares.</p><p><p style=\"text-align: justify;\">Antonio Gracias, founder of Valor and a longtime ally of Musk, is a member of SpaceX's board of directors and has supported the rocket company for over a decade.</p><p><h2 id=\"f99c2adf\">Morningstar warns that high valuations pose downside risks.</h2><p style=\"text-align: justify;\">Despite market enthusiasm for SpaceX's IPO, Morningstar analysts offered a more cautious assessment.</p><p><p style=\"text-align: justify;\">Morningstar believes that there are multiple possible scenarios for the potential profitability of SpaceX's xAI division, and that the \"economic moat is unclear,\" which it regards as a hidden danger that poses a \"substantial threat of value destruction\" to the company.</p><p><p style=\"text-align: justify;\"><strong>Based on a discounted cash flow model, Morningstar's valuation is $780 billion, which is about 48% lower than SpaceX's IPO target valuation of approximately $1.75 trillion.</strong></p><p><p style=\"text-align: justify;\">However, Morningstar also admitted,<strong>Multiple factors may support SpaceX's share price to remain strong in the short term after its IPO.</strong>This includes relatively small initial liquidity, almost every major investment bank in the world participating in the underwriting, and high investor enthusiasm for AI infrastructure.</p><p><p style=\"text-align: justify;\">Furthermore, SpaceX is expected to be included in the Nasdaq 100 index just 15 trading days after its IPO, a speed unprecedented in history.</p><p><p style=\"text-align: justify;\">Morningstar stated that even so, investors may have the opportunity to enter the market at a more attractive price after the IPO.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIt's settled! SpaceX went public on June 12, issuing 555.6 million shares at an offering price of $135.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-06-04 06:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</p><p><p style=\"text-align: justify;\">SpaceX will officially go public on June 12, issuing 555.6 million shares and raising $75 billion.</p><p><p style=\"text-align: justify;\">According to a filing with the U.S. Securities and Exchange Commission on Wednesday, SpaceX plans to issue approximately 555.6 million shares at $135 per share, representing a market capitalization of nearly $1.77 trillion.</p><p><p style=\"text-align: justify;\">The shares are expected to begin issuance on June 11 and will be listed on Nasdaq and the Nasdaq Texas Exchange the following day under the ticker symbol \"SPCX\".</p><p><p style=\"text-align: justify;\">After the completion of this IPO,<strong>Musk will have approximately 84.4% of the voting rights, maintaining absolute control over the company.</strong></p><p><p style=\"text-align: justify;\"><strong>According to the Bloomberg Billionaires Index, based on an offering price of $135, Musk's net worth would reach $988 billion, just one step away from becoming the world's first \"trillionaire\". The stock price only needs to rise another 2.2% to $138 for this historic moment to arrive.</strong></p><p><p style=\"text-align: justify;\">However, SpaceX's IPO was not without controversy. Analyst Morningstar believes the company is \"severely overvalued,\" with a valuation of approximately $780 billion based on a discounted cash flow model, less than half of its IPO target valuation.</p><p><h2 id=\"ipo\">Largest IPO in history: Scale crushes Saudi Aramco</h2><p style=\"text-align: justify;\">The $75 billion financing scale will easily surpass Saudi Aramco's $29.9 billion IPO record set in 2019, becoming the world's largest IPO in history.</p><p><p style=\"text-align: justify;\"><strong>SpaceX will use a fixed offering price for its pricing.</strong>Instead of the practice of announcing a price range first and then inquiring about prices through a roadshow, which is a rare precedent in the US market and more common in Asian and European markets, large IPOs in the United States do.</p><p><p style=\"text-align: justify;\">Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase served as joint lead underwriters, with 18 other banks participating in the underwriting, covering almost all of the world's major investment banks.</p><p><p style=\"text-align: justify;\">SpaceX's IPO is expected to also...<strong>OpenAI</strong>with<strong>Anthropic</strong>The IPO plan is paving the way.<strong>Both companies intend to complete their IPOs this year, aiming to raise tens of billions of dollars.</strong></p><p><p style=\"text-align: justify;\">Goldman Sachs' Christina Minnis recently stated at the Bloomberg Global Credit Forum that the boom in AI investment is a \"fundamental, generational\" phenomenon that is driving the market and permeating the overall economy.</p><p><h2 id=\"597f892e\">Revenue grew strongly but net losses widened; the business logic remains to be verified.</h2><p style=\"text-align: justify;\">SpaceX's financial data presents a distinct two-sided picture, posing certain challenges to investors.</p><p><p style=\"text-align: justify;\">According to the prospectus, the company achieved revenue of $18.7 billion last year, a significant increase from $14 billion in 2024, but its net loss during the same period turned from a profit of $791 million in 2024 to a loss of $4.94 billion.</p><p><p style=\"text-align: justify;\">The company plans to use the funds raised from its IPO to expand its AI business, rocket launches, and satellite infrastructure.</p><p><p style=\"text-align: justify;\"><strong>According to its prospectus, SpaceX must also use part of its debt financing and the proceeds from this IPO to repay at least part of a $20 billion bridge loan within six months of its IPO. This loan was previously mainly used to replace high-interest junk bonds issued by Musk's social media and AI companies.</strong></p><p><p style=\"text-align: justify;\"><strong>In terms of cash flow pressure</strong>The document discloses that SpaceX has signed a contract with Anthropic to provide the latter with AI computing power services. The contract amount is $1.25 billion per month, which is expected to alleviate the funding needs of its AI business to some extent.</p><p><p style=\"text-align: justify;\">Both parties can give 90 days' notice to terminate the agreement. Musk stated on the X platform on May 28 that SpaceX has not yet committed to a multi-year lease, but it is \"possible\" that it will be extended.</p><p><p style=\"text-align: justify;\">The prospectus also shows that SpaceX positions the potential market size at $28.5 trillion, with AI infrastructure being a core opportunity, including the construction of space data centers.</p><p><h2 id=\"19480143\">The governance structure has sparked controversy, but Musk maintains firm control.</h2><p style=\"text-align: justify;\">SpaceX's shareholding structure gives Musk near-absolute control.</p><p><p style=\"text-align: justify;\">By holding Class B shares (10 votes per share and 1 vote per Class A share), Musk controls 84.4% of the voting rights. Holding 93.6% of Class B shares is enough to determine 51% of the board seats and can block any resolution to remove him from his leadership position.</p><p><p style=\"text-align: justify;\">The Alliance to Protect Shareholder Value, a consortium of nonprofit organizations, issued a statement on May 26 criticizing SpaceX's governance policies for \"attempting to severely weaken Shareholder protections in a novel and reckless manner while granting SpaceX's leadership nearly all executive power.\"</p><p><p style=\"text-align: justify;\">In terms of shareholder structure, Valor Equity Partners will maintain its position as the second largest disclosed shareholder, holding 6.7% of Class A shares.</p><p><p style=\"text-align: justify;\">Antonio Gracias, founder of Valor and a longtime ally of Musk, is a member of SpaceX's board of directors and has supported the rocket company for over a decade.</p><p><h2 id=\"f99c2adf\">Morningstar warns that high valuations pose downside risks.</h2><p style=\"text-align: justify;\">Despite market enthusiasm for SpaceX's IPO, Morningstar analysts offered a more cautious assessment.</p><p><p style=\"text-align: justify;\">Morningstar believes that there are multiple possible scenarios for the potential profitability of SpaceX's xAI division, and that the \"economic moat is unclear,\" which it regards as a hidden danger that poses a \"substantial threat of value destruction\" to the company.</p><p><p style=\"text-align: justify;\"><strong>Based on a discounted cash flow model, Morningstar's valuation is $780 billion, which is about 48% lower than SpaceX's IPO target valuation of approximately $1.75 trillion.</strong></p><p><p style=\"text-align: justify;\">However, Morningstar also admitted,<strong>Multiple factors may support SpaceX's share price to remain strong in the short term after its IPO.</strong>This includes relatively small initial liquidity, almost every major investment bank in the world participating in the underwriting, and high investor enthusiasm for AI infrastructure.</p><p><p style=\"text-align: justify;\">Furthermore, SpaceX is expected to be included in the Nasdaq 100 index just 15 trading days after its IPO, a speed unprecedented in history.</p><p><p style=\"text-align: justify;\">Morningstar stated that even so, investors may have the opportunity to enter the market at a more attractive price after the IPO.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37a92dcaf28f64e8cb7016e217314e1f","relate_stocks":{"DXYZ":"Destiny Tech100 Inc","BK4615":"SpaceX概念","SPCX":"SPAC and New Issue ETF"},"source_url":"https://wallstreetcn.com/articles/3773813","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2640187819","content_text":"根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位\"万亿富豪\"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。SpaceX将于6月12日正式上市交易，发行规模5.556亿股，募集750亿美元。根据周三向美国证券交易委员会提交的文件，SpaceX计划以每股135美元的价格发行约5.556亿股，对应市值接近1.77万亿美元。股票预计于6月11日开始发行，并于次日在纳斯达克及纳斯达克德克萨斯交易所以\"SPCX\"为代码挂牌交易。此次IPO完成后，马斯克将拥有约84.4%的投票权，对公司保持绝对控制。根据彭博亿万富翁指数测算，以135美元发行价计算，马斯克净资产将达9880亿美元，距全球首位\"万亿富豪\"仅一步之遥。股价只需再涨2.2%至138美元，这一历史性时刻即可到来。然而，SpaceX的上市并非没有争议。分析机构晨星公司认为该公司\"被严重高估\"，其基于现金流折现模型的估值约为7800亿美元，不足IPO目标估值的一半。历史最大IPO：规模碾压沙特阿美750亿美元的融资规模，将轻松超越沙特阿美2019年创下的299亿美元IPO纪录，成为全球有史以来规模最大的上市。SpaceX此次采用固定发行价方式定价，而非美国大型IPO惯例的先公布价格区间、再通过路演询价的方式，这在美国市场罕见先例，在亚欧市场则更为普遍。高盛、摩根士丹利、美国银行、花旗集团及摩根大通担任联席主承销商，另有18家银行参与承销，几乎囊括全球主要投行。SpaceX此次上市，预计还将为OpenAI与Anthropic的IPO计划铺路。上述两家公司均有意在今年完成上市，目标融资规模均达数百亿美元。高盛集团Christina Minnis近日在彭博全球信贷论坛上表示，AI投资的繁荣是\"根本性的、一代人的\"现象，正在驱动市场并渗透至整体经济。营收高增但净亏损扩大，商业逻辑待验证SpaceX的财务数据呈现出鲜明的两面性，给投资者带来一定挑战。招股文件显示，公司去年实现营收187亿美元，较2024年的140亿美元大幅增长，但同期净亏损由2024年的盈利7.91亿美元转为亏损49.4亿美元。公司计划将IPO募集资金用于扩张AI业务、火箭发射及卫星基础设施。根据招股文件，SpaceX还须在上市后六个月内，使用部分债务融资及本次IPO所得，偿还至少部分共200亿美元的过桥贷款，该贷款此前主要用于置换马斯克社交媒体及AI公司的高息垃圾债。在现金流压力方面，文件披露SpaceX已与Anthropic签署合同，向后者提供AI算力服务，合同金额为每月12.5亿美元，有望一定程度上缓解其AI业务的资金需求。双方均可提前90天通知终止协议，马斯克5月28日在X平台上表示，SpaceX尚未承诺多年租赁，但\"有可能\"延续。招股文件同时显示，SpaceX将潜在市场规模定位于28.5万亿美元，其中AI基础设施是核心机遇，包括建造太空数据中心。治理结构引发争议，马斯克牢握控制权SpaceX的股权架构赋予马斯克近乎绝对的控制权。马斯克通过持有B类股（每股10票投票权，A类股每股1票）控制84.4%的投票权，持有93.6%的B类股份，足以决定51%的董事会席位，并可阻止任何罢免自身领导职位的决议。非营利组织联合体Alliance to Protect Shareholder Value于5月26日发表声明，批评SpaceX的治理政策\"试图以新颖且鲁莽的方式严重削弱对股东的保护，同时赋予SpaceX领导层近乎全部的行政权力\"。就股东结构而言，Valor Equity Partners将维持第二大披露股东地位，持有6.7%的A类股。Valor创始人、马斯克长期盟友Antonio Gracias是SpaceX董事会成员，已支持这家火箭公司逾十年。晨星警示，高估值潜藏下行风险尽管市场对SpaceX上市热情高涨，晨星公司的分析师提出了更为审慎的判断。晨星认为，SpaceX旗下xAI部门的潜在盈利能力存在多种可能情景，且\"经济护城河不明朗\"，将其视为对公司构成\"实质性价值破坏威胁\"的隐患。基于现金流折现模型，晨星给出的估值为7800亿美元，较SpaceX约1.75万亿美元的IPO目标估值低约48%。不过，晨星也承认，多重因素可能支撑SpaceX上市后股价短期内保持坚挺，包括初始流通量偏小、几乎全球每家主要投行参与承销、投资者对AI基础设施需求的高涨热情。此外，SpaceX有望在上市后仅15个交易日即被纳入纳斯达克100指数，这一速度在历史上前所未有。晨星表示，即便如此，投资者在IPO之后或将有机会以更具吸引力的价格入场。","news_type":1,"symbols_score_info":{"SPCX":2,"DXYZ":2}},"isVote":1,"tweetType":1,"viewCount":1278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":565541991387336,"gmtCreate":1779104881053,"gmtModify":1779105235493,"author":{"id":"4204818795581912","authorId":"4204818795581912","name":"Invests no gambling","avatar":"https://community-static.tradeup.com/news/36fa51bb4b75c0adc6108bf97e8a90fe","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4204818795581912","authorIdStr":"4204818795581912"},"themes":[],"title":"","htmlText":"😉","listText":"😉","text":"😉","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/565541991387336","repostId":"1119723737","repostType":2,"repost":{"id":"1119723737","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1779088419,"share":"https://ttm.financial/m/news/1119723737?lang=en_US&edition=fundamental","pubTime":"2026-05-18 15:13","market":"us","language":"zh","title":"The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'","url":"https://stock-news.laohu8.com/highlight/detail?id=1119723737","media":"老虎资讯综合","summary":"5月18日，马斯克表示，他希望“很快”推进SpaceX的首次公开募股（IPO）。此前消息，SpaceX正大幅加快IPO进程。原定于6月下旬（马斯克生日前后）的上市计划，现已调整为最早于下周三（5月20日）公开招股说明书，6月4日启动路演，6月11日确定发行价格，最早于6月12日正式挂牌交易，股票代码为“SPCX”。知情人士透露，美国证券交易委员会（SEC）对公司IPO文件的审查进度快于预期，是此次上市时间表提前的主要原因。","content":"<p><html><head></head><body>On May 18, Musk said he hoped to move forward with SpaceX's initial public offering (IPO) \"soon.\"</p><p>Previously, SpaceX is accelerating the listing process, pointing to the largest initial public offering in history. On Friday, local time, the Wall Street Journal quoted people familiar with the matter to report that SpaceX, a rocket company owned by Elon Musk, plans to be officially listed on June 12th, with an estimated financing scale of 80 billion dollars or more, and the listing place is Nasdaq. If the plan goes smoothly, it will become the largest IPO in the history of global capital markets.</p><p><p style=\"text-align: justify;\">The proceeds from this round of financing will be mainly used to promote the large-scale launch plan of the \"Starship\" project and build a data center network deployed in low Earth orbit.</p><p><p style=\"text-align: justify;\">According to Reuters, citing people familiar with the matter, SpaceX has significantly advanced its original timetable-it was originally planned to complete the listing process in late June (around Musk's birthday), but it has now been adjusted to make a public prospectus as early as next Wednesday, launch a roadshow on June 4, and officially go public on June 12.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe largest IPO sprint in history! Musk: Hopes to move ahead with SpaceX's IPO 'soon'\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2026-05-18 15:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On May 18, Musk said he hoped to move forward with SpaceX's initial public offering (IPO) \"soon.\"</p><p>Previously, SpaceX is accelerating the listing process, pointing to the largest initial public offering in history. On Friday, local time, the Wall Street Journal quoted people familiar with the matter to report that SpaceX, a rocket company owned by Elon Musk, plans to be officially listed on June 12th, with an estimated financing scale of 80 billion dollars or more, and the listing place is Nasdaq. If the plan goes smoothly, it will become the largest IPO in the history of global capital markets.</p><p><p style=\"text-align: justify;\">The proceeds from this round of financing will be mainly used to promote the large-scale launch plan of the \"Starship\" project and build a data center network deployed in low Earth orbit.</p><p><p style=\"text-align: justify;\">According to Reuters, citing people familiar with the matter, SpaceX has significantly advanced its original timetable-it was originally planned to complete the listing process in late June (around Musk's birthday), but it has now been adjusted to make a public prospectus as early as next Wednesday, launch a roadshow on June 4, and officially go public on June 12.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/37a92dcaf28f64e8cb7016e217314e1f","relate_stocks":{"DXYZ":"Destiny Tech100 Inc"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119723737","content_text":"5月18日，马斯克表示，他希望“很快”推进SpaceX的首次公开募股（IPO）。此前消息，SpaceX正加速推进上市进程，剑指史上规模最大的首次公开募股。当地时间上周五，华尔街日报援引知情人士消息报道，埃隆·马斯克旗下火箭公司SpaceX计划于6月12日正式挂牌上市，预计融资规模高达800亿美元甚至更多，上市地点为纳斯达克。若计划顺利推进，这将成为全球资本市场有史以来规模最大的IPO。本轮融资所得将主要用于推动“星舰”（Starship）项目的大规模发射计划，以及建设部署于近地轨道的数据中心网络。另据路透援引知情人士报道，SpaceX已大幅提前原定时间表——原计划于6月下旬（马斯克生日前后）完成上市流程，现已调整为最早于下周三公开招股说明书，6月4日启动路演，并于6月12日正式上市。","news_type":1,"symbols_score_info":{"DXYZ":2}},"isVote":1,"tweetType":1,"viewCount":1118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":561718170633328,"gmtCreate":1778169941859,"gmtModify":1778169945541,"author":{"id":"3566391244874682","authorId":"3566391244874682","name":"DAVIDWU","avatar":"https://static.tigerbbs.com/f1b7530028af75dc332a97a709903665","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3566391244874682","authorIdStr":"3566391244874682"},"themes":[],"title":"","htmlText":"[得意]&nbsp; [开心]&nbsp;&nbsp;","listText":"[得意]&nbsp; [开心]&nbsp;&nbsp;","text":"[得意] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/561718170633328","repostId":"2627232200","repostType":2,"repost":{"id":"2627232200","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1776281010,"share":"https://ttm.financial/m/news/2627232200?lang=en_US&edition=fundamental","pubTime":"2026-04-16 03:23","market":"us","language":"zh","title":"Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return","url":"https://stock-news.laohu8.com/highlight/detail?id=2627232200","media":"华尔街见闻","summary":"截至2025年底，谷歌持有SpaceX 6.11%的股权；今年2月SpaceX与xAI完成合并后，谷歌的持股被稀释至约5%。若SpaceX以2万亿美元估值完成上市，这笔早期投资的账面价值将达到1000亿美元。","content":"<p><html><head></head><body>Under Alphabet<a href=\"https://laohu8.com/S/GOOG\">Google</a>Holding more than 5% of SpaceX, if the rocket company completes its listing at a valuation of $2 trillion, the book value of this early investment will exceed $100 billion.</p><p>According to SpaceX's regulatory filing in Alaska this week,<a href=\"https://laohu8.com/S/GOOGL\">Google</a>Has a 6.11% stake in the company (at the end of 2025). Alaska statutes require businesses to disclose shareholders holding 5% and more of the shares.</p><p>According to Bloomberg's calculation, after the merger between SpaceX and Musk's artificial intelligence and social media company xAI in February this year, Google's shareholding ratio has been diluted to about 5%. If calculated at a valuation of $2 trillion, the equivalent value of this holding is about $100 billion.</p><p>SpaceX has secretly submitted a listing application, aiming to go public in June this year. The IPO, which plans to raise up to $75 billion, is expected to be the largest initial public offering in history.</p><p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/242e0506867eae859644ed0c4a2a0fdf\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p><h2 id=\"id_1291465928\">First explicit disclosure of the size of Google's holdings</h2>The significance of the disclosure of this document is that the fact that Google holds SpaceX has been known to the market before, but the exact proportion of the stake has never been made public before.</p><p>According to Alaska's disclosure requirements, only two parties in the document are required to disclose their holdings: Google, and Musk himself, who holds about 40% of SpaceX.</p><p>Based on the shareholding ratio of 6.11% before dilution and the valuation of $2 trillion, the value of Google's equity is about $122 billion; After dilution to about 5%, the equivalent value is still about $100 billion.</p><p><h2 id=\"id_2926862902\">SpaceX going public or creating a lot of wealth</h2>SpaceX IPO expectations are bringing considerable potential wealth to early-stage investors and core teams.</p><p>With a market capitalization of $2 trillion, a mere 0.05% shareholder is enough to become a billionaire overnight. Musk's holding of about 40% will make his wealth jump sharply; The personal assets of longtime executives such as SpaceX President Gwynne Shotwell are also expected to increase significantly with them.</p><p>SpaceX hopes to exceed its $2 trillion valuation target when it goes public. If finally realized, the IPO will be the largest initial public offering in the world to date.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoogle's stake in SpaceX is exposed for the first time! Over 5% equity, IPO may bring hundreds of billion dollars in return\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2026-04-16 03:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Under Alphabet<a href=\"https://laohu8.com/S/GOOG\">Google</a>Holding more than 5% of SpaceX, if the rocket company completes its listing at a valuation of $2 trillion, the book value of this early investment will exceed $100 billion.</p><p>According to SpaceX's regulatory filing in Alaska this week,<a href=\"https://laohu8.com/S/GOOGL\">Google</a>Has a 6.11% stake in the company (at the end of 2025). Alaska statutes require businesses to disclose shareholders holding 5% and more of the shares.</p><p>According to Bloomberg's calculation, after the merger between SpaceX and Musk's artificial intelligence and social media company xAI in February this year, Google's shareholding ratio has been diluted to about 5%. If calculated at a valuation of $2 trillion, the equivalent value of this holding is about $100 billion.</p><p>SpaceX has secretly submitted a listing application, aiming to go public in June this year. The IPO, which plans to raise up to $75 billion, is expected to be the largest initial public offering in history.</p><p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/242e0506867eae859644ed0c4a2a0fdf\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p><h2 id=\"id_1291465928\">First explicit disclosure of the size of Google's holdings</h2>The significance of the disclosure of this document is that the fact that Google holds SpaceX has been known to the market before, but the exact proportion of the stake has never been made public before.</p><p>According to Alaska's disclosure requirements, only two parties in the document are required to disclose their holdings: Google, and Musk himself, who holds about 40% of SpaceX.</p><p>Based on the shareholding ratio of 6.11% before dilution and the valuation of $2 trillion, the value of Google's equity is about $122 billion; After dilution to about 5%, the equivalent value is still about $100 billion.</p><p><h2 id=\"id_2926862902\">SpaceX going public or creating a lot of wealth</h2>SpaceX IPO expectations are bringing considerable potential wealth to early-stage investors and core teams.</p><p>With a market capitalization of $2 trillion, a mere 0.05% shareholder is enough to become a billionaire overnight. Musk's holding of about 40% will make his wealth jump sharply; The personal assets of longtime executives such as SpaceX President Gwynne Shotwell are also expected to increase significantly with them.</p><p>SpaceX hopes to exceed its $2 trillion valuation target when it goes public. If finally realized, the IPO will be the largest initial public offering in the world to date.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/46029346cc3e64319c2b318fd1af0381","relate_stocks":{"LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4503":"景林资产持仓","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","BK4566":"资本集团","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1803068979.SGD":"FTIF - 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