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爱存钱的小海豹
06-04
为啥选择12号封我们 就是因为这个?
定了!6月12日SpaceX上市交易,发行规模5.556亿股,发行价135美元
爱存钱的小海豹
05-22
$五一视界(06651)$
我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸]
爱存钱的小海豹
05-20
果然要回调了 新闻才出来 服了
港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升
爱存钱的小海豹
05-20
瑞银从哪里得到的数据
瑞银报告:美图4月海外收入同比增长42%
爱存钱的小海豹
04-30
$美图公司(01357)$
为啥说话的人变多了[得意]
爱存钱的小海豹
04-21
$长光辰芯(03277)$
我真想打人[流泪] [流泪]
爱存钱的小海豹
01-27
[流泪][流泪][流泪][流泪]俺也是
爱存钱的小海豹
2025-07-31
$恒瑞医药(01276)$
精准买在顶部🔝5555
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就是因为这个?","listText":"为啥选择12号封我们 就是因为这个?","text":"为啥选择12号封我们 就是因为这个?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/571557693678000","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://www.laohu8.com/m/news/2640187819?lang=zh_CN&edition=full","pubTime":"2026-06-04 06:02","market":"other","language":"zh","title":"定了!6月12日SpaceX上市交易,发行规模5.556亿股,发行价135美元","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":"<html><head></head><body><blockquote><p>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。</p></blockquote><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">此次IPO完成后,<strong>马斯克将拥有约84.4%的投票权,对公司保持绝对控制。</strong></p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"ipo\">历史最大IPO:规模碾压沙特阿美</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>SpaceX此次采用固定发行价方式定价</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">SpaceX此次上市,预计还将为<strong>OpenAI</strong>与<strong>Anthropic</strong>的IPO计划铺路。<strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"597f892e\">营收高增但净亏损扩大,商业逻辑待验证</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\"><strong>在现金流压力方面</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"19480143\">治理结构引发争议,马斯克牢握控制权</h2><p style=\"text-align: justify;\">SpaceX的股权架构赋予马斯克近乎绝对的控制权。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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"。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"f99c2adf\">晨星警示,高估值潜藏下行风险</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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%。</strong></p><p style=\"text-align: justify;\">不过,晨星也承认,<strong>多重因素可能支撑SpaceX上市后股价短期内保持坚挺</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p></body></html>","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 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padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n定了!6月12日SpaceX上市交易,发行规模5.556亿股,发行价135美元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\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\">2026-06-04 06:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>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。</p></blockquote><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">此次IPO完成后,<strong>马斯克将拥有约84.4%的投票权,对公司保持绝对控制。</strong></p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"ipo\">历史最大IPO:规模碾压沙特阿美</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>SpaceX此次采用固定发行价方式定价</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">SpaceX此次上市,预计还将为<strong>OpenAI</strong>与<strong>Anthropic</strong>的IPO计划铺路。<strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"597f892e\">营收高增但净亏损扩大,商业逻辑待验证</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\"><strong>在现金流压力方面</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"19480143\">治理结构引发争议,马斯克牢握控制权</h2><p style=\"text-align: justify;\">SpaceX的股权架构赋予马斯克近乎绝对的控制权。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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"。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"f99c2adf\">晨星警示,高估值潜藏下行风险</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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%。</strong></p><p style=\"text-align: justify;\">不过,晨星也承认,<strong>多重因素可能支撑SpaceX上市后股价短期内保持坚挺</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p></body></html>\n\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":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566951039951176,"gmtCreate":1779437086136,"gmtModify":1779437572883,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/06651\">$五一视界(06651)$</a> 我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸] ","listText":"<a href=\"https://laohu8.com/S/06651\">$五一视界(06651)$</a> 我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸] ","text":"$五一视界(06651)$ 我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸]","images":[{"img":"https://static.tigerbbs.com/26f2077573be0b8a982cd38deceeda7e","width":"1206","height":"2622"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566951039951176","isVote":1,"tweetType":1,"viewCount":716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":566260053656776,"gmtCreate":1779281410358,"gmtModify":1779281412974,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"果然要回调了 新闻才出来 服了","listText":"果然要回调了 新闻才出来 服了","text":"果然要回调了 新闻才出来 服了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566260053656776","repostId":"2636813771","repostType":2,"repost":{"id":"2636813771","kind":"news","pubTimestamp":1779257497,"share":"https://www.laohu8.com/m/news/2636813771?lang=zh_CN&edition=full","pubTime":"2026-05-20 14:11","market":"hk","language":"zh","title":"港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升","url":"https://stock-news.laohu8.com/highlight/detail?id=2636813771","media":"智通财经","summary":"智通财经APP获悉,天岳先进涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。预计2024-2030年SiC市场规模由35亿美元增至124亿美元,AI基础设施将贡献近半数需求。碳化硅材料亦是AI产业增长与创新的必然选择,在数据中心、电力基础设施与终端应用上均具有巨大潜力。开源证券指出,2025年天岳先进、Wolfspeed在碳化硅衬底市场的份额分别为27.6%、24.9%,行业集中度持续提升。","content":"<html><body><p>智通财经APP获悉,<a href=\"https://laohu8.com/S/688234\">天岳先进</a>(02631)涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。</p><p>消息面上,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>推动数据中心电源架构向800V高压直流升级,显著拉动SiC价值量与渗透率。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。据开源证券援引Citrini Research测算,每1MWAI机柜电源转换BOM成本中,SiC、GaN等宽禁带器件占新增成本64%。预计2024-2030年SiC市场规模由35亿美元增至124亿美元,AI基础设施将贡献近半数需求。</p><p>国投证券表示,随着全球新能源产业的持续扩张,市场对碳化硅材料的需求正呈现爆发式增长。碳化硅材料亦是AI产业增长与创新的必然选择,在数据中心、电力基础设施与终端应用上均具有巨大潜力。开源证券指出,2025年<a href=\"https://laohu8.com/S/02631\">天岳先进</a>、<a href=\"https://laohu8.com/S/WOLF\">Wolfspeed</a>在碳化硅衬底市场的份额分别为27.6%、24.9%,行业集中度持续提升。</p></body></html>","source":"stock_zhitongcaijing","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>港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升</title>\n<style 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}\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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-20 14:11 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1443857.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉,天岳先进(02631)涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。消息面上,英伟达推动数据中心电源架构向800V高压直流升级,显著拉动SiC价值量与渗透率。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。据开源证券援引Citrini Research测算,每1MWAI机柜电源转换BOM成本中,SiC、GaN等宽禁带器件占新增...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1443857.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688234":"天岳先进","BK4588":"碎股","BK4585":"ETF&股票定投概念","02631":"天岳先进","AGIX":"通用人工智能 ETF-AGIX","BK1169":"半导体设备","ARTY":"ISHARES FUTURE AI & TECH ETF","BK0214":"IT设备","VXUS":"国际股票ETF-Vanguard","AIPO":"Defiance AI and Power Infrastructure ETF","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/1443857.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2636813771","content_text":"智通财经APP获悉,天岳先进(02631)涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。消息面上,英伟达推动数据中心电源架构向800V高压直流升级,显著拉动SiC价值量与渗透率。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。据开源证券援引Citrini Research测算,每1MWAI机柜电源转换BOM成本中,SiC、GaN等宽禁带器件占新增成本64%。预计2024-2030年SiC市场规模由35亿美元增至124亿美元,AI基础设施将贡献近半数需求。国投证券表示,随着全球新能源产业的持续扩张,市场对碳化硅材料的需求正呈现爆发式增长。碳化硅材料亦是AI产业增长与创新的必然选择,在数据中心、电力基础设施与终端应用上均具有巨大潜力。开源证券指出,2025年天岳先进、Wolfspeed在碳化硅衬底市场的份额分别为27.6%、24.9%,行业集中度持续提升。","news_type":1,"symbols_score_info":{"688234":1.5,"AGIX":1.5,"CHAT":1.5,"ARTY":1.5,"VXUS":1.5,"AIPO":1.5,"02631":1.5}},"isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566259526928456,"gmtCreate":1779281346998,"gmtModify":1779281349493,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"瑞银从哪里得到的数据","listText":"瑞银从哪里得到的数据","text":"瑞银从哪里得到的数据","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566259526928456","repostId":"2636817531","repostType":2,"repost":{"id":"2636817531","kind":"news","pubTimestamp":1779267480,"share":"https://www.laohu8.com/m/news/2636817531?lang=zh_CN&edition=full","pubTime":"2026-05-20 16:58","market":"fut","language":"zh","title":"瑞银报告:美图4月海外收入同比增长42%","url":"https://stock-news.laohu8.com/highlight/detail?id=2636817531","media":"新浪科技","summary":"新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,美图公司旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。\n 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、美颜相机、Wink的海外市场收入分别同比增长81%、70%、99%。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:刘万里 SF014","content":"<html><body><div>\n<p> 新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,<a href=\"https://laohu8.com/S/01357\">美图公司</a>旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。</p>\n<p> 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、美颜相机、Wink的海外市场收入分别同比增长81%、70%、99%。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n<p>责任编辑:刘<a href=\"https://laohu8.com/S/600847\">万里</a> SF014</p>\n</div></body></html>","source":"sina","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>瑞银报告:美图4月海外收入同比增长42%</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n瑞银报告:美图4月海外收入同比增长42%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-20 16:58 北京时间 <a href=https://finance.sina.com.cn/tech/it/2026-05-20/doc-inhyptaq6490857.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,美图公司旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。\n 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/it/2026-05-20/doc-inhyptaq6490857.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082770016.SGD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (SGD) INC","LU0082770016.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AD\" INC","BK1618":"Manus概念股","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","BK1613":"DeepSeek概念股","BK1612":"加密货币概念","BK1609":"ChatGPT概念","LU2125910849.SGD":"Natixis WCM Global Emerging Markets Equity R/A SGD","LU0164939612.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AC\" ACC","01357":"美图公司","BK1095":"互动媒体与服务","LU0620787316.HKD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (HKD) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD"},"source_url":"https://finance.sina.com.cn/tech/it/2026-05-20/doc-inhyptaq6490857.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2636817531","content_text":"新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,美图公司旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。\n 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、美颜相机、Wink的海外市场收入分别同比增长81%、70%、99%。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:刘万里 SF014","news_type":1,"symbols_score_info":{"01357":1.5}},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":559162253346352,"gmtCreate":1777545940841,"gmtModify":1777545942665,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01357\">$美图公司(01357)$ </a> 为啥说话的人变多了[得意] ","listText":"<a href=\"https://laohu8.com/S/01357\">$美图公司(01357)$ </a> 为啥说话的人变多了[得意] ","text":"$美图公司(01357)$ 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就是因为这个?","listText":"为啥选择12号封我们 就是因为这个?","text":"为啥选择12号封我们 就是因为这个?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/571557693678000","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://www.laohu8.com/m/news/2640187819?lang=zh_CN&edition=full","pubTime":"2026-06-04 06:02","market":"other","language":"zh","title":"定了!6月12日SpaceX上市交易,发行规模5.556亿股,发行价135美元","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":"<html><head></head><body><blockquote><p>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。</p></blockquote><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">此次IPO完成后,<strong>马斯克将拥有约84.4%的投票权,对公司保持绝对控制。</strong></p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"ipo\">历史最大IPO:规模碾压沙特阿美</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>SpaceX此次采用固定发行价方式定价</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">SpaceX此次上市,预计还将为<strong>OpenAI</strong>与<strong>Anthropic</strong>的IPO计划铺路。<strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"597f892e\">营收高增但净亏损扩大,商业逻辑待验证</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\"><strong>在现金流压力方面</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"19480143\">治理结构引发争议,马斯克牢握控制权</h2><p style=\"text-align: justify;\">SpaceX的股权架构赋予马斯克近乎绝对的控制权。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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"。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"f99c2adf\">晨星警示,高估值潜藏下行风险</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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%。</strong></p><p style=\"text-align: justify;\">不过,晨星也承认,<strong>多重因素可能支撑SpaceX上市后股价短期内保持坚挺</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p></body></html>","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 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class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-06-04 06:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>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。</p></blockquote><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">此次IPO完成后,<strong>马斯克将拥有约84.4%的投票权,对公司保持绝对控制。</strong></p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"ipo\">历史最大IPO:规模碾压沙特阿美</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>SpaceX此次采用固定发行价方式定价</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">SpaceX此次上市,预计还将为<strong>OpenAI</strong>与<strong>Anthropic</strong>的IPO计划铺路。<strong>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。</strong></p><p style=\"text-align: justify;\">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。</p><h2 id=\"597f892e\">营收高增但净亏损扩大,商业逻辑待验证</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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。</strong></p><p style=\"text-align: justify;\"><strong>在现金流压力方面</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"19480143\">治理结构引发争议,马斯克牢握控制权</h2><p style=\"text-align: justify;\">SpaceX的股权架构赋予马斯克近乎绝对的控制权。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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"。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><h2 id=\"f99c2adf\">晨星警示,高估值潜藏下行风险</h2><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\"><strong>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%。</strong></p><p style=\"text-align: justify;\">不过,晨星也承认,<strong>多重因素可能支撑SpaceX上市后股价短期内保持坚挺</strong>,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。</p><p style=\"text-align: justify;\">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。</p><p style=\"text-align: justify;\">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。</p></body></html>\n\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":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":462613065584672,"gmtCreate":1753948829873,"gmtModify":1753948855451,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01276\">$恒瑞医药(01276)$</a> 精准买在顶部🔝5555","listText":"<a href=\"https://laohu8.com/S/01276\">$恒瑞医药(01276)$</a> 精准买在顶部🔝5555","text":"$恒瑞医药(01276)$ 精准买在顶部🔝5555","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/462613065584672","isVote":1,"tweetType":1,"viewCount":1787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566951039951176,"gmtCreate":1779437086136,"gmtModify":1779437572883,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/06651\">$五一视界(06651)$</a> 我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸] ","listText":"<a href=\"https://laohu8.com/S/06651\">$五一视界(06651)$</a> 我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸] ","text":"$五一视界(06651)$ 我真想死 谁能安慰我下[捂脸] [捂脸] [捂脸]","images":[{"img":"https://static.tigerbbs.com/26f2077573be0b8a982cd38deceeda7e","width":"1206","height":"2622"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566951039951176","isVote":1,"tweetType":1,"viewCount":716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":566260053656776,"gmtCreate":1779281410358,"gmtModify":1779281412974,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"果然要回调了 新闻才出来 服了","listText":"果然要回调了 新闻才出来 服了","text":"果然要回调了 新闻才出来 服了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566260053656776","repostId":"2636813771","repostType":2,"repost":{"id":"2636813771","kind":"news","pubTimestamp":1779257497,"share":"https://www.laohu8.com/m/news/2636813771?lang=zh_CN&edition=full","pubTime":"2026-05-20 14:11","market":"hk","language":"zh","title":"港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升","url":"https://stock-news.laohu8.com/highlight/detail?id=2636813771","media":"智通财经","summary":"智通财经APP获悉,天岳先进涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。预计2024-2030年SiC市场规模由35亿美元增至124亿美元,AI基础设施将贡献近半数需求。碳化硅材料亦是AI产业增长与创新的必然选择,在数据中心、电力基础设施与终端应用上均具有巨大潜力。开源证券指出,2025年天岳先进、Wolfspeed在碳化硅衬底市场的份额分别为27.6%、24.9%,行业集中度持续提升。","content":"<html><body><p>智通财经APP获悉,<a href=\"https://laohu8.com/S/688234\">天岳先进</a>(02631)涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。</p><p>消息面上,<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>推动数据中心电源架构向800V高压直流升级,显著拉动SiC价值量与渗透率。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。据开源证券援引Citrini Research测算,每1MWAI机柜电源转换BOM成本中,SiC、GaN等宽禁带器件占新增成本64%。预计2024-2030年SiC市场规模由35亿美元增至124亿美元,AI基础设施将贡献近半数需求。</p><p>国投证券表示,随着全球新能源产业的持续扩张,市场对碳化硅材料的需求正呈现爆发式增长。碳化硅材料亦是AI产业增长与创新的必然选择,在数据中心、电力基础设施与终端应用上均具有巨大潜力。开源证券指出,2025年<a href=\"https://laohu8.com/S/02631\">天岳先进</a>、<a href=\"https://laohu8.com/S/WOLF\">Wolfspeed</a>在碳化硅衬底市场的份额分别为27.6%、24.9%,行业集中度持续提升。</p></body></html>","source":"stock_zhitongcaijing","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>港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升</title>\n<style 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margin: 0;line-height: 11px;}\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\">\n港股异动 | 天岳先进(02631)涨超6% AI打开碳化硅市场需求 行业集中度持续提升\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-20 14:11 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1443857.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉,天岳先进(02631)涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。消息面上,英伟达推动数据中心电源架构向800V高压直流升级,显著拉动SiC价值量与渗透率。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。据开源证券援引Citrini Research测算,每1MWAI机柜电源转换BOM成本中,SiC、GaN等宽禁带器件占新增...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1443857.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688234":"天岳先进","BK4588":"碎股","BK4585":"ETF&股票定投概念","02631":"天岳先进","AGIX":"通用人工智能 ETF-AGIX","BK1169":"半导体设备","ARTY":"ISHARES FUTURE AI & TECH ETF","BK0214":"IT设备","VXUS":"国际股票ETF-Vanguard","AIPO":"Defiance AI and Power Infrastructure ETF","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF"},"source_url":"http://www.zhitongcaijing.com/content/detail/1443857.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2636813771","content_text":"智通财经APP获悉,天岳先进(02631)涨超6%,截至发稿,涨6.15%,报110.5港元,成交额12.1亿港元。消息面上,英伟达推动数据中心电源架构向800V高压直流升级,显著拉动SiC价值量与渗透率。此外,Citrini的报告明确将碳化硅列为AI领域最被低估的核心主线。据开源证券援引Citrini Research测算,每1MWAI机柜电源转换BOM成本中,SiC、GaN等宽禁带器件占新增成本64%。预计2024-2030年SiC市场规模由35亿美元增至124亿美元,AI基础设施将贡献近半数需求。国投证券表示,随着全球新能源产业的持续扩张,市场对碳化硅材料的需求正呈现爆发式增长。碳化硅材料亦是AI产业增长与创新的必然选择,在数据中心、电力基础设施与终端应用上均具有巨大潜力。开源证券指出,2025年天岳先进、Wolfspeed在碳化硅衬底市场的份额分别为27.6%、24.9%,行业集中度持续提升。","news_type":1,"symbols_score_info":{"688234":1.5,"AGIX":1.5,"CHAT":1.5,"ARTY":1.5,"VXUS":1.5,"AIPO":1.5,"02631":1.5}},"isVote":1,"tweetType":1,"viewCount":260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":566259526928456,"gmtCreate":1779281346998,"gmtModify":1779281349493,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"瑞银从哪里得到的数据","listText":"瑞银从哪里得到的数据","text":"瑞银从哪里得到的数据","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/566259526928456","repostId":"2636817531","repostType":2,"repost":{"id":"2636817531","kind":"news","pubTimestamp":1779267480,"share":"https://www.laohu8.com/m/news/2636817531?lang=zh_CN&edition=full","pubTime":"2026-05-20 16:58","market":"fut","language":"zh","title":"瑞银报告:美图4月海外收入同比增长42%","url":"https://stock-news.laohu8.com/highlight/detail?id=2636817531","media":"新浪科技","summary":"新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,美图公司旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。\n 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、美颜相机、Wink的海外市场收入分别同比增长81%、70%、99%。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:刘万里 SF014","content":"<html><body><div>\n<p> 新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,<a href=\"https://laohu8.com/S/01357\">美图公司</a>旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。</p>\n<p> 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、美颜相机、Wink的海外市场收入分别同比增长81%、70%、99%。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n<p>责任编辑:刘<a href=\"https://laohu8.com/S/600847\">万里</a> SF014</p>\n</div></body></html>","source":"sina","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>瑞银报告:美图4月海外收入同比增长42%</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\n瑞银报告:美图4月海外收入同比增长42%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-20 16:58 北京时间 <a href=https://finance.sina.com.cn/tech/it/2026-05-20/doc-inhyptaq6490857.shtml><strong>新浪科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,美图公司旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。\n 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、...</p>\n\n<a href=\"https://finance.sina.com.cn/tech/it/2026-05-20/doc-inhyptaq6490857.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082770016.SGD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (SGD) INC","LU0082770016.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AD\" INC","BK1618":"Manus概念股","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","BK1613":"DeepSeek概念股","BK1612":"加密货币概念","BK1609":"ChatGPT概念","LU2125910849.SGD":"Natixis WCM Global Emerging Markets Equity R/A SGD","LU0164939612.USD":"HSBC GIF ASIA EX JAPAN SMALLER CO. \"AC\" ACC","01357":"美图公司","BK1095":"互动媒体与服务","LU0620787316.HKD":"HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES \"AD\" (HKD) INC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD"},"source_url":"https://finance.sina.com.cn/tech/it/2026-05-20/doc-inhyptaq6490857.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2636817531","content_text":"新浪科技讯 5月20日下午消息,据瑞银5月15日发布的追踪报告,2026年4月,美图公司旗下应用的海外总收入同比增长42%,多款产品在海外增长强劲,其中,Wink的4月海外收入接近翻倍。\n 报告显示,美图旗下应用在中国内地的4月总收入显著增长,核心产品美图秀秀、美颜相机收入分别同比增长39%、41%,专注视频编辑的Wink同比增长78%。但相比之下,这些应用在海外市场的增长更加强劲,美图秀秀、美颜相机、Wink的海外市场收入分别同比增长81%、70%、99%。\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:刘万里 SF014","news_type":1,"symbols_score_info":{"01357":1.5}},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":559162253346352,"gmtCreate":1777545940841,"gmtModify":1777545942665,"author":{"id":"4202259363166732","authorId":"4202259363166732","name":"爱存钱的小海豹","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4202259363166732","authorIdStr":"4202259363166732"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01357\">$美图公司(01357)$ </a> 为啥说话的人变多了[得意] ","listText":"<a href=\"https://laohu8.com/S/01357\">$美图公司(01357)$ </a> 为啥说话的人变多了[得意] ","text":"$美图公司(01357)$ 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