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小韭菜头
IP属地：陕西
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小韭菜头
小韭菜头
·
06-14 10:32
一年内不值
市值2.1万亿美元！SpaceX到底值不值？
史诗级的时代赌局
市值2.1万亿美元！SpaceX到底值不值？
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小韭菜头
小韭菜头
·
06-14 10:31
她的操作也看不出有什么特别好的地方
抛AMD、减持特斯拉，木头姐4.4亿美元重仓SpaceX
木头姐ARK基金披露，旗下多只ETF合计以约4.43亿美元买入约329万股SpaceX私募股份，使其成为ARK Venture Fund第一大持仓（占净资产11.38%）。与此同时，ARK大举减持AMD、特斯拉、百度等成熟科技股。
抛AMD、减持特斯拉，木头姐4.4亿美元重仓SpaceX
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小韭菜头
小韭菜头
·
06-11
不会吧，没必要啊
三星办公室因涉嫌内幕交易遭到突击搜查
三星办公室因涉嫌内幕交易遭到突击搜查。
三星办公室因涉嫌内幕交易遭到突击搜查
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小韭菜头
小韭菜头
·
06-11
$海清智元(01392)$
没发现呀，中国这么多科技企业[喷血]
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2
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小韭菜头
小韭菜头
·
06-10
$礼来(LLY)$
也是醉了，同梓的价格，一卖就涨，一买就跌。
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小韭菜头
小韭菜头
·
06-03
$英伟达(NVDA)$
我一买就跌，太奇怪了
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小韭菜头
小韭菜头
·
06-03
$首钢朗泽(02553)$
是这个剧本，但是不好玩了，我玩不了
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小韭菜头
小韭菜头
·
06-01
$创想三维(03388)$
这是绿鞋
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小韭菜头
小韭菜头
·
05-19
$赤子城科技(09911)$
香港股市很难给股票估值，感觉随心情．暗庄明庄，交易少流动性一般。。
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小韭菜头
小韭菜头
·
05-15
我也公布建仓特斯拉。美光，amd，英伟达。
比尔·阿克曼称已建仓微软，称微软正处在技术变革拐点
将公开一项新的投资——建仓微软。
比尔·阿克曼称已建仓微软，称微软正处在技术变革拐点
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08:25","market":"sg","language":"zh","title":"市值2.1万亿美元！SpaceX到底值不值？","url":"https://stock-news.laohu8.com/highlight/detail?id=2643214530","media":"格隆汇","summary":"史诗级的时代赌局","content":"<html><head></head><body><blockquote><p>史诗级的时代赌局</p></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12a533d56673b478734d7dc59c1d4c8f\" tg-width=\"2732\" tg-height=\"1534\"/></p><p>美东时间6月12日，美股迎来史上最炸裂IPO。SpaceX正式登陆纳斯达克，彻底引爆全球资本狂欢。</p><p>上市首日，SpaceX大涨19.22%，市值突破2.11万亿美元，一举超越Meta、特斯拉、博通等科技巨头，跻身美国第六大市值公司。</p><p>一夜之间，<strong>马斯克个人身家也因此突破1万亿美元，成为人类历史上首位“万亿富翁”。</strong></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5febde87232b0357d0243cae7492f6aa\" tg-width=\"1080\" tg-height=\"748\"/></p><p>同时，<strong>SpaceX上市还创造了约4400名百万美元富豪，其中约400名身家将超过1亿美元，</strong>他们来自SpaceX的现任或前任员工及早期投资者。</p><p><strong>还有一大批华尔街基金、投行机构们也在这场盛宴中获利百亿甚至千亿美元，回报倍数高达几十、上百倍！</strong></p><p>但狂欢背后，也伴随巨大争议。</p><p>一家年营收不足200亿美元、成立24年持续反复亏损、2025年净亏损高达49.37亿美元的企业，却以超100倍的市销率，撑起超2.1万亿美元的天价市值。</p><p>这到底是硬核科技的提前兑现，还是资本市场吹出来的超级泡沫？</p><h2 id=\"id_650143215\">01、极速上市的背后</h2><p>正常顶级科技IPO，都要磨几年：合规打磨、机构博弈、反复定价。</p><p><strong>但SpaceX的上市进程，堪称美股史上罕见的“极速通关”：摒弃了传统企业的拖沓流程，在短短一年时间内敲定方案、落地发行、完成挂牌，以750亿美元募资额刷新全球IPO纪录。</strong></p><p>更反常的是，马斯克以前一直坚决抵制上市。</p><p>他多次公开表示：二级市场的短期业绩压力、舆论束缚，会拖死星舰、火星殖民这种超长周期的硬核项目。</p><p>如今180度的态度反转、突破常规的上市速度、反行业惯例的发行规则，足以说明这绝非简单的上市融资需求，而更可能是一场精准卡位、套利、做高估值的资本操作。</p><p><strong>SpaceX执意快速上市的核心内因之一，是为了通过资产并购嵌套，解决劣质资产无法独立上市的难题，同时完成税务层面的极致优化。</strong></p><p>首先，马斯克旗下xAI+X（原推特）累计背负175亿美元债务，长期持续亏损、无稳定造血能力，如果单独上市不仅门槛不够，而且估值溢价也会被压得非常低，根本不划算。</p><p>于是马斯克设计了一套嵌套并购：把亏损的AI、社交资产，捆绑SpaceX最赚钱的星链、垄断市场的航天业务一起上市。</p><p><strong>靠星链的优质盈利抹平财报短板，顺利达标美股上市规则。同时还盘活了xAI的历史亏损抵税额度，未来可帮公司省下百亿级税费，堪称“亏损变资产”的顶级财技。</strong></p><p>更关键的是，纯航天赛道估值天花板极低，绑定AI热门概念后，成功脱离传统航天估值锚点，制造出“太空+AI”的协同想象，直接拉高企业估值上限。</p><p>另外，SpaceX极速上市，也是为了<strong>精准卡位美股科技泡沫与AI资本红利的最后窗口期，本质是一场“抢跑收割”。</strong></p><p>当前美股科技板块处于阶段性历史高位，后续随时有可能热度消退，一旦错过当下窗口，后续市场下行、AI热钱退潮，公司募资规模、整体估值、股东套现收益都会大幅缩水。</p><p>这也是为什么SpaceX、OpenAI、Anthropic等一众AI巨头均在加速筹备上市的原因。</p><p><strong>当下“太空+AI”的双重稀缺概念，是当下资本市场最具想象力的叙事组合，SpaceX选择在此热度顶峰期上市，能够最大化享受赛道红利，实现远超传统航天企业的估值定价。</strong></p><p>值得一提的是，不同于普通新股上市需等待3个月观察期才能纳入指数，纳斯达克为SpaceX开通快速通道，上市仅15个交易日即可纳入纳斯达克100指数，并上调权重。</p><p>这意味着，<strong>全球超12万亿美元追踪纳指100的被动基金、养老金、401K退休金账户，将按照规则强制被动买入SpaceX，形成百亿级确定性刚性买盘，为股价筑牢底部支撑。</strong></p><p>这套规则红利具备极强的时效性，窗口期转瞬即逝，越早上市，套利空间越大、资金托底效果越显著。也是SpaceX必须火速落地的关键原因。</p><h2 id=\"id_326736470\">02、一边烧钱、一边讲故事</h2><p>支撑SpaceX万亿估值的核心，是其独家构建的“航天发射+卫星互联网+AI算力”三大业务闭环，但三大板块现实价值天差地别，这也是资本市场争议其估值的核心来源。</p><p>根据招股书显示，SpaceX在2025财年的合并营收为186.74亿美元，合并净利润由2024财年的7.91亿美元变为亏损49.37亿美元。</p><p>2026年一季度，SpaceX实现合并营收46.94亿美元，实现合并净利润为亏损42.76亿美元，合并调整后息税前利润则为11.27亿美元。</p><p>其中，<strong>作为技术底座的航天发射业务，是行业绝对龙头，却持续亏损。</strong></p><p>目前SpaceX累计完成超650次发射，85%以上任务实现火箭复用，2025年入轨载荷占全球总量80%以上，垄断全球商业航天发射市场。猎鹰9号、重型猎鹰、龙飞船、星舰四大产品线全覆盖，手握NASA、美国国防部长期大额订单，2025年该板块营收超40亿美元。</p><p>但受星舰持续高强度研发投入拖累，全年运营亏损6.57亿美元，仅能承担技术迭代、市场卡位的战略功能，无法贡献利润。</p><p><strong>作为唯一现金牛的星链卫星互联网业务，是公司估值的核心基本面支撑。</strong></p><p>2025年，星链卫星互联网业务营收达113.87亿美元，占公司总营收60.9%，运营净利润高达44.23亿美元，两年间利润增长近10倍。</p><p>截至2026年3月，星链在轨卫星超9600颗，占全球活跃卫星75%，覆盖164个国家和地区，付费用户突破1030万。</p><p>不过这一块业务也有隐忧，随着市场向欠发达地区下沉，单用户月均收入从2023年99美元降至66美元，增收不增利的增长瓶颈逐步凸显。</p><p><strong>而作为远期估值故事的AI业务，是烧钱主力，落地尚遥遥无期。</strong></p><p>2026年2月SpaceX收购xAI，正式将AI列为三大核心业务，布局AI算力基建、Grok大模型与轨道太空数据中心。</p><p>目前AI部门由于xAI用于采购及建设大规模算力中心导致的巨额资本支出，仍处于大幅亏损状态。2025年AI业务亏损63.55亿美元，2026年一季度再亏24.69亿美元，单季资本开支77.23亿美元，远超航天发射与星链业务开支总和。</p><p>但SpaceX对其AI部门寄予极高的期望。<strong>其在招股书中描绘，未来SpaceX理论最大潜在收入规模高达到28.5万亿美元；其中，太空发射仅占3700亿美元，星链的全球通信收入规模为1.6万亿美元，而人工智能市场收入将为26.5万亿美元，站绝对大头。</strong></p><p>这是一个堪称完全是天方夜谭的难以想象的数字。</p><p>但现实却极其骨感，<strong>目前AI业务仅靠与Anthropic、谷歌的月度算力租赁订单维持基本营收，暂无自研大模型闭环能力，规划中的太空太阳能算力中心、百太瓦级超级算力体系，更像是一个为了支撑高估值而画的远期叙事大饼。</strong></p><h2 id=\"id_2934211599\">03、超2万亿估值到底值不值？</h2><p>站在2.11万亿美元的市值关口，SpaceX也成为了近年美股分歧最极致的超级IPO。</p><p>一边是散户疯狂抢购、资金扎堆狂欢，一边是顶级机构、资深资本大佬公开看空、预警泡沫。</p><p><strong>市场最大的争议核心是：一家持续亏损、年营收不足200亿美元的企业，是否配得上碾压众多千亿营收科技巨头的天价估值？</strong></p><p>从估值指标看，苹果10倍、特斯拉15倍、英伟达25倍的市销率尚且贴合行业可理解的合理区间，而SpaceX市销率高达百倍，已经完全脱离传统估值体系，让人无法理解认同；</p><p>从经营基本面看，SpaceX成立以来累计亏损413亿美元，2026年一季度亏损再度扩大710%，扩张完全依靠外部融资输血，暂无明确盈利拐点；</p><p>从风险层面看，马斯克手握超84%投票权的绝对集权模式缺乏股东制衡，治理风险突出，同时星舰迭代屡次失败、太空AI算力商业化落地渺茫，宏大叙事的兑现概率极低。</p><p>但依旧有大量顶级资本与产业机构坚定押注，他们的核心共识在于，SpaceX突破了传统企业估值框架，其价值不在于当期盈利，而在于独家垄断的太空+AI下一代基础设施赛道，稀缺性无可替代。</p><p><strong>高盛预计，SpaceX的人工智能业务收入到2030年将激增约100倍，其人工智能部门的收入将从2025年的32亿美元增长至2030年的3220亿美元。SpaceX的总收入预计将在2030年达到4740亿美元。</strong></p><p>与多头狂热形成鲜明对比的是，大量权威机构、资深做空资本对SpaceX天价估值发出严厉预警，认为本轮行情完全脱离基本面，是情绪与叙事催生的巨大泡沫。</p><p><strong>知名大空头、《华尔街最精准做空者》詹姆斯·查诺斯公开炮轰，直言SpaceX是一场彻头彻尾的“希望与梦想式IPO”，其近2万亿美元的估值完全依托市场对马斯克的个人信仰，而非真实财务表现。</strong></p><p>他批评，市场在为一家自由现金流为负、持续大额烧钱的企业支付史诗级溢价，在任何合理的长期经营假设下，该估值都无法成立，本质是资本炒作的海市蜃楼。</p><p>IPO当日，评级机构CFRA率先发布独家“卖出”评级，给出115美元目标价，较135美元发行价折价近15%，核心理由是SpaceX估值严重透支，星链的微薄盈利持续被星舰、xAI两大吞金业务吞噬，且AI赛道入局较晚，无核心差异化优势，难以兑现万亿级市场预期。</p><p>晨星（Morningstar）研报更为激进，分析师尼古拉斯·欧文斯将其公允价值仅定为63美元，较发行价腰斩超53%，公允估值仅7800亿美元，理由是当前估值过高溢价完全是市场为太空数据中心、火星殖民等未落地、高风险远期概念支付的空想价格，不可能成为现实。</p><h2 id=\"id_4016552975\">04、结语</h2><p>SpaceX的史诗级IPO狂欢，可以说是全球资本对“太空+AI”下一代基础设施的极致押注。</p><p>短期来看，依托稀缺赛道、稳固壁垒与完善的资本防护体系，SpaceX的高估值仍有支撑空间。</p><p>但长期而言，万亿市值能否站稳，最终不取决于叙事有多宏大，而取决于星舰技术能否落地、太空AI算力能否商业化、持续亏损的循环能否打破。</p><p>这场属于星辰大海的资本盛宴，终究需要真实的技术突破与盈利能力来买单。</p></body></html>","source":"gelonghui_highlight","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>市值2.1万亿美元！SpaceX到底值不值？</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市值2.1万亿美元！SpaceX到底值不值？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-14 08:25 北京时间 <a href=https://www.gelonghui.com/p/5189815><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>史诗级的时代赌局美东时间6月12日，美股迎来史上最炸裂IPO。SpaceX正式登陆纳斯达克，彻底引爆全球资本狂欢。上市首日，SpaceX大涨19.22%，市值突破2.11万亿美元，一举超越Meta、特斯拉、博通等科技巨头，跻身美国第六大市值公司。一夜之间，马斯克个人身家也因此突破1万亿美元，成为人类历史上首位“万亿富翁”。同时，SpaceX上市还创造了约4400名百万美元富豪，其中约400名身家将...</p>\n\n<a href=\"https://www.gelonghui.com/p/5189815\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1ccbfdfde15f3bdc8fa15fad42df9a33","relate_stocks":{"SPCU":"2倍做多SpaceX ETF-Defiance","LOFF":"2倍做多SpaceX ETF-Direxion","UFO":"Procure Space ETF","DXYZ":"Destiny Tech100 Inc","SNK":"2倍做空SpaceX ETF-GraniteShares","BK4089":"非传统电信运营商","SPAL":"2倍做多Space X ETF-GraniteShares","SPCX":"SPAC and New Issue ETF","SPCH":"2倍做多SpaceX ETF-leverage shares","SPCF":"2倍做多SpaceX ETF-ProShares","XOVR":"ERShares Private-Public Crossover ETF","BK4615":"SpaceX概念"},"source_url":"https://www.gelonghui.com/p/5189815","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2643214530","content_text":"史诗级的时代赌局美东时间6月12日，美股迎来史上最炸裂IPO。SpaceX正式登陆纳斯达克，彻底引爆全球资本狂欢。上市首日，SpaceX大涨19.22%，市值突破2.11万亿美元，一举超越Meta、特斯拉、博通等科技巨头，跻身美国第六大市值公司。一夜之间，马斯克个人身家也因此突破1万亿美元，成为人类历史上首位“万亿富翁”。同时，SpaceX上市还创造了约4400名百万美元富豪，其中约400名身家将超过1亿美元，他们来自SpaceX的现任或前任员工及早期投资者。还有一大批华尔街基金、投行机构们也在这场盛宴中获利百亿甚至千亿美元，回报倍数高达几十、上百倍！但狂欢背后，也伴随巨大争议。一家年营收不足200亿美元、成立24年持续反复亏损、2025年净亏损高达49.37亿美元的企业，却以超100倍的市销率，撑起超2.1万亿美元的天价市值。这到底是硬核科技的提前兑现，还是资本市场吹出来的超级泡沫？01、极速上市的背后正常顶级科技IPO，都要磨几年：合规打磨、机构博弈、反复定价。但SpaceX的上市进程，堪称美股史上罕见的“极速通关”：摒弃了传统企业的拖沓流程，在短短一年时间内敲定方案、落地发行、完成挂牌，以750亿美元募资额刷新全球IPO纪录。更反常的是，马斯克以前一直坚决抵制上市。他多次公开表示：二级市场的短期业绩压力、舆论束缚，会拖死星舰、火星殖民这种超长周期的硬核项目。如今180度的态度反转、突破常规的上市速度、反行业惯例的发行规则，足以说明这绝非简单的上市融资需求，而更可能是一场精准卡位、套利、做高估值的资本操作。SpaceX执意快速上市的核心内因之一，是为了通过资产并购嵌套，解决劣质资产无法独立上市的难题，同时完成税务层面的极致优化。首先，马斯克旗下xAI+X（原推特）累计背负175亿美元债务，长期持续亏损、无稳定造血能力，如果单独上市不仅门槛不够，而且估值溢价也会被压得非常低，根本不划算。于是马斯克设计了一套嵌套并购：把亏损的AI、社交资产，捆绑SpaceX最赚钱的星链、垄断市场的航天业务一起上市。靠星链的优质盈利抹平财报短板，顺利达标美股上市规则。同时还盘活了xAI的历史亏损抵税额度，未来可帮公司省下百亿级税费，堪称“亏损变资产”的顶级财技。更关键的是，纯航天赛道估值天花板极低，绑定AI热门概念后，成功脱离传统航天估值锚点，制造出“太空+AI”的协同想象，直接拉高企业估值上限。另外，SpaceX极速上市，也是为了精准卡位美股科技泡沫与AI资本红利的最后窗口期，本质是一场“抢跑收割”。当前美股科技板块处于阶段性历史高位，后续随时有可能热度消退，一旦错过当下窗口，后续市场下行、AI热钱退潮，公司募资规模、整体估值、股东套现收益都会大幅缩水。这也是为什么SpaceX、OpenAI、Anthropic等一众AI巨头均在加速筹备上市的原因。当下“太空+AI”的双重稀缺概念，是当下资本市场最具想象力的叙事组合，SpaceX选择在此热度顶峰期上市，能够最大化享受赛道红利，实现远超传统航天企业的估值定价。值得一提的是，不同于普通新股上市需等待3个月观察期才能纳入指数，纳斯达克为SpaceX开通快速通道，上市仅15个交易日即可纳入纳斯达克100指数，并上调权重。这意味着，全球超12万亿美元追踪纳指100的被动基金、养老金、401K退休金账户，将按照规则强制被动买入SpaceX，形成百亿级确定性刚性买盘，为股价筑牢底部支撑。这套规则红利具备极强的时效性，窗口期转瞬即逝，越早上市，套利空间越大、资金托底效果越显著。也是SpaceX必须火速落地的关键原因。02、一边烧钱、一边讲故事支撑SpaceX万亿估值的核心，是其独家构建的“航天发射+卫星互联网+AI算力”三大业务闭环，但三大板块现实价值天差地别，这也是资本市场争议其估值的核心来源。根据招股书显示，SpaceX在2025财年的合并营收为186.74亿美元，合并净利润由2024财年的7.91亿美元变为亏损49.37亿美元。2026年一季度，SpaceX实现合并营收46.94亿美元，实现合并净利润为亏损42.76亿美元，合并调整后息税前利润则为11.27亿美元。其中，作为技术底座的航天发射业务，是行业绝对龙头，却持续亏损。目前SpaceX累计完成超650次发射，85%以上任务实现火箭复用，2025年入轨载荷占全球总量80%以上，垄断全球商业航天发射市场。猎鹰9号、重型猎鹰、龙飞船、星舰四大产品线全覆盖，手握NASA、美国国防部长期大额订单，2025年该板块营收超40亿美元。但受星舰持续高强度研发投入拖累，全年运营亏损6.57亿美元，仅能承担技术迭代、市场卡位的战略功能，无法贡献利润。作为唯一现金牛的星链卫星互联网业务，是公司估值的核心基本面支撑。2025年，星链卫星互联网业务营收达113.87亿美元，占公司总营收60.9%，运营净利润高达44.23亿美元，两年间利润增长近10倍。截至2026年3月，星链在轨卫星超9600颗，占全球活跃卫星75%，覆盖164个国家和地区，付费用户突破1030万。不过这一块业务也有隐忧，随着市场向欠发达地区下沉，单用户月均收入从2023年99美元降至66美元，增收不增利的增长瓶颈逐步凸显。而作为远期估值故事的AI业务，是烧钱主力，落地尚遥遥无期。2026年2月SpaceX收购xAI，正式将AI列为三大核心业务，布局AI算力基建、Grok大模型与轨道太空数据中心。目前AI部门由于xAI用于采购及建设大规模算力中心导致的巨额资本支出，仍处于大幅亏损状态。2025年AI业务亏损63.55亿美元，2026年一季度再亏24.69亿美元，单季资本开支77.23亿美元，远超航天发射与星链业务开支总和。但SpaceX对其AI部门寄予极高的期望。其在招股书中描绘，未来SpaceX理论最大潜在收入规模高达到28.5万亿美元；其中，太空发射仅占3700亿美元，星链的全球通信收入规模为1.6万亿美元，而人工智能市场收入将为26.5万亿美元，站绝对大头。这是一个堪称完全是天方夜谭的难以想象的数字。但现实却极其骨感，目前AI业务仅靠与Anthropic、谷歌的月度算力租赁订单维持基本营收，暂无自研大模型闭环能力，规划中的太空太阳能算力中心、百太瓦级超级算力体系，更像是一个为了支撑高估值而画的远期叙事大饼。03、超2万亿估值到底值不值？站在2.11万亿美元的市值关口，SpaceX也成为了近年美股分歧最极致的超级IPO。一边是散户疯狂抢购、资金扎堆狂欢，一边是顶级机构、资深资本大佬公开看空、预警泡沫。市场最大的争议核心是：一家持续亏损、年营收不足200亿美元的企业，是否配得上碾压众多千亿营收科技巨头的天价估值？从估值指标看，苹果10倍、特斯拉15倍、英伟达25倍的市销率尚且贴合行业可理解的合理区间，而SpaceX市销率高达百倍，已经完全脱离传统估值体系，让人无法理解认同；从经营基本面看，SpaceX成立以来累计亏损413亿美元，2026年一季度亏损再度扩大710%，扩张完全依靠外部融资输血，暂无明确盈利拐点；从风险层面看，马斯克手握超84%投票权的绝对集权模式缺乏股东制衡，治理风险突出，同时星舰迭代屡次失败、太空AI算力商业化落地渺茫，宏大叙事的兑现概率极低。但依旧有大量顶级资本与产业机构坚定押注，他们的核心共识在于，SpaceX突破了传统企业估值框架，其价值不在于当期盈利，而在于独家垄断的太空+AI下一代基础设施赛道，稀缺性无可替代。高盛预计，SpaceX的人工智能业务收入到2030年将激增约100倍，其人工智能部门的收入将从2025年的32亿美元增长至2030年的3220亿美元。SpaceX的总收入预计将在2030年达到4740亿美元。与多头狂热形成鲜明对比的是，大量权威机构、资深做空资本对SpaceX天价估值发出严厉预警，认为本轮行情完全脱离基本面，是情绪与叙事催生的巨大泡沫。知名大空头、《华尔街最精准做空者》詹姆斯·查诺斯公开炮轰，直言SpaceX是一场彻头彻尾的“希望与梦想式IPO”，其近2万亿美元的估值完全依托市场对马斯克的个人信仰，而非真实财务表现。他批评，市场在为一家自由现金流为负、持续大额烧钱的企业支付史诗级溢价，在任何合理的长期经营假设下，该估值都无法成立，本质是资本炒作的海市蜃楼。IPO当日，评级机构CFRA率先发布独家“卖出”评级，给出115美元目标价，较135美元发行价折价近15%，核心理由是SpaceX估值严重透支，星链的微薄盈利持续被星舰、xAI两大吞金业务吞噬，且AI赛道入局较晚，无核心差异化优势，难以兑现万亿级市场预期。晨星（Morningstar）研报更为激进，分析师尼古拉斯·欧文斯将其公允价值仅定为63美元，较发行价腰斩超53%，公允估值仅7800亿美元，理由是当前估值过高溢价完全是市场为太空数据中心、火星殖民等未落地、高风险远期概念支付的空想价格，不可能成为现实。04、结语SpaceX的史诗级IPO狂欢，可以说是全球资本对“太空+AI”下一代基础设施的极致押注。短期来看，依托稀缺赛道、稳固壁垒与完善的资本防护体系，SpaceX的高估值仍有支撑空间。但长期而言，万亿市值能否站稳，最终不取决于叙事有多宏大，而取决于星舰技术能否落地、太空AI算力能否商业化、持续亏损的循环能否打破。这场属于星辰大海的资本盛宴，终究需要真实的技术突破与盈利能力来买单。","news_type":1,"symbols_score_info":{"DXYZ":1.5,"UFO":0.6,"SPCF":0.6,"SPAL":1.5,"LOFF":0.6,"SNK":1.5,"XOVR":1.5,"SPCX":1.5,"SPCU":1.5,"SPCH":0.6}},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":575038932228344,"gmtCreate":1781404316621,"gmtModify":1781404565344,"author":{"id":"3514972561437889","authorId":"3514972561437889","name":"小韭菜头","avatar":"https://static.tigerbbs.com/8637a57d4fb6896edea0788dfb1b3bcb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514972561437889","authorIdStr":"3514972561437889"},"themes":[],"title":"","htmlText":"她的操作也看不出有什么特别好的地方","listText":"她的操作也看不出有什么特别好的地方","text":"她的操作也看不出有什么特别好的地方","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/575038932228344","repostId":"2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07:30","market":"other","language":"zh","title":"抛AMD、减持特斯拉，木头姐4.4亿美元重仓SpaceX","url":"https://stock-news.laohu8.com/highlight/detail?id=2643321415","media":"华尔街见闻","summary":"木头姐ARK基金披露，旗下多只ETF合计以约4.43亿美元买入约329万股SpaceX私募股份，使其成为ARK Venture Fund第一大持仓（占净资产11.38%）。与此同时，ARK大举减持AMD、特斯拉、百度等成熟科技股。","content":"<html><head></head><body><blockquote><p>木头姐ARK基金披露，旗下多只ETF合计以约4.43亿美元买入约329万股SpaceX私募股份，使其成为ARK Venture Fund第一大持仓（占净资产11.38%）。与此同时，ARK大举减持AMD、特斯拉、百度等成熟科技股。</p></blockquote><p style=\"text-align: left;\">木头姐把最大的一注，押在了SpaceX身上。</p><p style=\"text-align: left;\">6月12日，凯西·伍德（Cathie Wood）旗下ARK Invest披露最新交易记录。这一天，ARK旗下多只ETF合计买入约329万股SpaceX，总金额约4.43亿美元。</p><p style=\"text-align: left;\">值得注意的是，这笔买入走的是ARK Venture Fund这个专门投资私募市场的基金通道。换句话说，这不是在二级市场买股票，而是在IPO前以私募方式拿筹码。</p><p style=\"text-align: left;\">与此同时，ARK大幅减持AMD、特斯拉、百度等多只成熟科技股，腾出资金集中押注太空赛道。这一系列操作，清晰勾勒出ARK当前的资产重配方向。</p><p style=\"text-align: left;\">此次买入后，SpaceX已成为ARK Venture Fund的第一大持仓，占基金净资产比例达11.38%（截至5月31日数据）。</p><h2 id=\"id_356699102\" style=\"text-align: left;\">4.4亿美元买的是什么？</h2><p style=\"text-align: left;\">ARK买入的SpaceX股份，来自私募市场，而非公开交易所。</p><p style=\"text-align: left;\">这意味着这批股份的定价，依赖私募市场谈判，而非公开市场的连续报价。在SpaceX正式上市之前，这些持仓无法像普通股票一样随时买卖。</p><p style=\"text-align: left;\">据Crypto Briefing报道，SpaceX已于2026年4月1日提交保密S-1草案，目标登陆纳斯达克，IPO目标估值高达<strong>1.75万亿美元</strong>。若成真，SpaceX将在上市首日跻身全球最有价值的公司之列——这一量级，是许多科技巨头花了数十年才达到的。</p><p style=\"text-align: left;\">ARK最早在2023年底入场SpaceX，彼时公司估值不足2000亿美元。此后ARK持续加仓，并在2026年初通过SpaceX与xAI的合并进一步增加了敞口。到2024年，SpaceX估值已升至3500亿美元。</p><h2 id=\"id_2989935657\">卖了什么：AMD、特斯拉、百度全线减持</h2><p style=\"text-align: left;\">为了给SpaceX腾仓位，ARK这一天的卖出清单相当密集。</p><p style=\"text-align: left;\">据路透社报道，ARK通过ARKQ、ARKW及ARKX三只ETF合计出售约8万股AMD，套现约<strong>3930万美元</strong>，延续此前持续削减AMD仓位的趋势。</p><p style=\"text-align: left;\">同日，ARK还减持了：</p><ul style=\"\"><li><p style=\"text-align: left;\"><strong>特斯拉</strong>：约3.99万股，涉及金额约<strong>1590万美元</strong></p></li><li><p style=\"text-align: left;\"><strong>百度</strong>：约6.74万股，套现约<strong>783万美元</strong></p></li><li><p style=\"text-align: left;\"><strong>Roku</strong>：约9.88万股，套现约<strong>1182万美元</strong>（连续两日减持）</p></li><li><p style=\"text-align: left;\"><strong>火箭实验室（Rocket Lab）</strong>：约5.07万股，套现约<strong>582万美元</strong></p></li><li><p style=\"text-align: left;\">此外还减持了CrowdStrike、Cloudflare、Veracyte等多只股票</p></li></ul><p style=\"text-align: left;\">从卖出名单来看，ARK减持的既有芯片（AMD）、流媒体（Roku）、自动驾驶（特斯拉），也有网络安全（CrowdStrike、Cloudflare）和基因组学（10X Genomics）——几乎是对现有科技持仓的全面瘦身，资金集中流向SpaceX这一单一押注。</p><h2 id=\"id_2245976949\" style=\"text-align: left;\">第一大仓位，但集中度风险不容忽视</h2><p style=\"text-align: left;\">SpaceX占ARK Venture Fund净资产的11.38%，是基金内单一最大持仓。</p><p style=\"text-align: left;\">值得注意的是，这一比例在今年3月31日时更高，达到17.02%，此后有所下降——可能是ARK主动再平衡，也可能是其他持仓相对增值所致。</p><p style=\"text-align: left;\">据Crypto Briefing报道，ARK内部模型对SpaceX的长期估值相当激进：基准情景下，2030年企业价值约<strong>2.5万亿美元</strong>；乐观情景约<strong>3.1万亿美元</strong>；即便是悲观情景，也约<strong>1.7万亿美元</strong>，与IPO目标估值基本持平。</p><p style=\"text-align: left;\">但集中度是把双刃剑。超过11%的单一私募持仓，意味着SpaceX IPO的成败，将对ARK Venture Fund的净值产生直接且显著的影响。如果上市后估值被压缩，这一集中度同样会放大损失。</p><h2 id=\"id_920464681\" style=\"text-align: left;\">ARK Venture Fund：让散户进入私募市场的“通道”</h2><p style=\"text-align: left;\">ARK Venture Fund的设计初衷，正是让普通投资者能够参与私募市场。</p><p style=\"text-align: left;\">过去，SpaceX这类公司的IPO前股份，几乎只对养老金、主权财富基金等机构开放。ARK通过ARKVX，把这扇门向散户打开了一条缝。</p><p style=\"text-align: left;\">但代价是流动性。私募股份不能随时卖出，估值在两轮融资之间更多依赖判断而非市场定价。投资者买入的，是一个"等待上市"的故事，而不是可以随时退出的流动资产。</p><h2 id=\"id_3507888319\" style=\"text-align: left;\">这笔交易的底层逻辑</h2><p style=\"text-align: left;\">ARK的核心投资逻辑是：最大的财富创造，发生在公司上市之前。</p><p style=\"text-align: left;\">SpaceX的估值轨迹，是这一逻辑的有力注脚——从不足2000亿美元到IPO目标估值1.75万亿美元，涨幅接近9倍。ARK认为，等到公司上市再买，已经错过了最肥的一段。</p><p style=\"text-align: left;\">但这套逻辑也有其边界：私募市场的估值，在上市前更多是"艺术"而非"科学"。公开市场的定价发现，往往会对私募估值形成重新检验。SpaceX的IPO，将是对ARK这笔4.4亿美元押注的最终考验。</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 name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>抛AMD、减持特斯拉，木头姐4.4亿美元重仓SpaceX</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{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n抛AMD、减持特斯拉，木头姐4.4亿美元重仓SpaceX\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\">2026-06-14 07:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>木头姐ARK基金披露，旗下多只ETF合计以约4.43亿美元买入约329万股SpaceX私募股份，使其成为ARK Venture Fund第一大持仓（占净资产11.38%）。与此同时，ARK大举减持AMD、特斯拉、百度等成熟科技股。</p></blockquote><p style=\"text-align: left;\">木头姐把最大的一注，押在了SpaceX身上。</p><p style=\"text-align: left;\">6月12日，凯西·伍德（Cathie Wood）旗下ARK Invest披露最新交易记录。这一天，ARK旗下多只ETF合计买入约329万股SpaceX，总金额约4.43亿美元。</p><p style=\"text-align: left;\">值得注意的是，这笔买入走的是ARK Venture Fund这个专门投资私募市场的基金通道。换句话说，这不是在二级市场买股票，而是在IPO前以私募方式拿筹码。</p><p style=\"text-align: left;\">与此同时，ARK大幅减持AMD、特斯拉、百度等多只成熟科技股，腾出资金集中押注太空赛道。这一系列操作，清晰勾勒出ARK当前的资产重配方向。</p><p style=\"text-align: left;\">此次买入后，SpaceX已成为ARK Venture Fund的第一大持仓，占基金净资产比例达11.38%（截至5月31日数据）。</p><h2 id=\"id_356699102\" style=\"text-align: left;\">4.4亿美元买的是什么？</h2><p style=\"text-align: left;\">ARK买入的SpaceX股份，来自私募市场，而非公开交易所。</p><p style=\"text-align: left;\">这意味着这批股份的定价，依赖私募市场谈判，而非公开市场的连续报价。在SpaceX正式上市之前，这些持仓无法像普通股票一样随时买卖。</p><p style=\"text-align: left;\">据Crypto Briefing报道，SpaceX已于2026年4月1日提交保密S-1草案，目标登陆纳斯达克，IPO目标估值高达<strong>1.75万亿美元</strong>。若成真，SpaceX将在上市首日跻身全球最有价值的公司之列——这一量级，是许多科技巨头花了数十年才达到的。</p><p style=\"text-align: left;\">ARK最早在2023年底入场SpaceX，彼时公司估值不足2000亿美元。此后ARK持续加仓，并在2026年初通过SpaceX与xAI的合并进一步增加了敞口。到2024年，SpaceX估值已升至3500亿美元。</p><h2 id=\"id_2989935657\">卖了什么：AMD、特斯拉、百度全线减持</h2><p style=\"text-align: left;\">为了给SpaceX腾仓位，ARK这一天的卖出清单相当密集。</p><p style=\"text-align: left;\">据路透社报道，ARK通过ARKQ、ARKW及ARKX三只ETF合计出售约8万股AMD，套现约<strong>3930万美元</strong>，延续此前持续削减AMD仓位的趋势。</p><p style=\"text-align: left;\">同日，ARK还减持了：</p><ul style=\"\"><li><p style=\"text-align: left;\"><strong>特斯拉</strong>：约3.99万股，涉及金额约<strong>1590万美元</strong></p></li><li><p style=\"text-align: left;\"><strong>百度</strong>：约6.74万股，套现约<strong>783万美元</strong></p></li><li><p style=\"text-align: left;\"><strong>Roku</strong>：约9.88万股，套现约<strong>1182万美元</strong>（连续两日减持）</p></li><li><p style=\"text-align: left;\"><strong>火箭实验室（Rocket Lab）</strong>：约5.07万股，套现约<strong>582万美元</strong></p></li><li><p style=\"text-align: left;\">此外还减持了CrowdStrike、Cloudflare、Veracyte等多只股票</p></li></ul><p style=\"text-align: left;\">从卖出名单来看，ARK减持的既有芯片（AMD）、流媒体（Roku）、自动驾驶（特斯拉），也有网络安全（CrowdStrike、Cloudflare）和基因组学（10X Genomics）——几乎是对现有科技持仓的全面瘦身，资金集中流向SpaceX这一单一押注。</p><h2 id=\"id_2245976949\" style=\"text-align: left;\">第一大仓位，但集中度风险不容忽视</h2><p style=\"text-align: left;\">SpaceX占ARK Venture Fund净资产的11.38%，是基金内单一最大持仓。</p><p style=\"text-align: left;\">值得注意的是，这一比例在今年3月31日时更高，达到17.02%，此后有所下降——可能是ARK主动再平衡，也可能是其他持仓相对增值所致。</p><p style=\"text-align: left;\">据Crypto Briefing报道，ARK内部模型对SpaceX的长期估值相当激进：基准情景下，2030年企业价值约<strong>2.5万亿美元</strong>；乐观情景约<strong>3.1万亿美元</strong>；即便是悲观情景，也约<strong>1.7万亿美元</strong>，与IPO目标估值基本持平。</p><p style=\"text-align: left;\">但集中度是把双刃剑。超过11%的单一私募持仓，意味着SpaceX IPO的成败，将对ARK Venture Fund的净值产生直接且显著的影响。如果上市后估值被压缩，这一集中度同样会放大损失。</p><h2 id=\"id_920464681\" style=\"text-align: left;\">ARK Venture Fund：让散户进入私募市场的“通道”</h2><p style=\"text-align: left;\">ARK Venture Fund的设计初衷，正是让普通投资者能够参与私募市场。</p><p style=\"text-align: left;\">过去，SpaceX这类公司的IPO前股份，几乎只对养老金、主权财富基金等机构开放。ARK通过ARKVX，把这扇门向散户打开了一条缝。</p><p style=\"text-align: left;\">但代价是流动性。私募股份不能随时卖出，估值在两轮融资之间更多依赖判断而非市场定价。投资者买入的，是一个"等待上市"的故事，而不是可以随时退出的流动资产。</p><h2 id=\"id_3507888319\" style=\"text-align: left;\">这笔交易的底层逻辑</h2><p style=\"text-align: left;\">ARK的核心投资逻辑是：最大的财富创造，发生在公司上市之前。</p><p style=\"text-align: left;\">SpaceX的估值轨迹，是这一逻辑的有力注脚——从不足2000亿美元到IPO目标估值1.75万亿美元，涨幅接近9倍。ARK认为，等到公司上市再买，已经错过了最肥的一段。</p><p style=\"text-align: left;\">但这套逻辑也有其边界：私募市场的估值，在上市前更多是"艺术"而非"科学"。公开市场的定价发现，往往会对私募估值形成重新检验。SpaceX的IPO，将是对ARK这笔4.4亿美元押注的最终考验。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"BK4516":"特朗普概念","TSLR":"2倍做多TSLA ETF-GraniteShares","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","BK4535":"淡马锡持仓","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","TSLS":"1倍做空TSLA ETF-Direxion","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","BK4605":"半导体精选","SPCX":"SPAC and New Issue ETF","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","TSLT":"2倍做多TSLA 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Fund这个专门投资私募市场的基金通道。换句话说，这不是在二级市场买股票，而是在IPO前以私募方式拿筹码。与此同时，ARK大幅减持AMD、特斯拉、百度等多只成熟科技股，腾出资金集中押注太空赛道。这一系列操作，清晰勾勒出ARK当前的资产重配方向。此次买入后，SpaceX已成为ARK Venture Fund的第一大持仓，占基金净资产比例达11.38%（截至5月31日数据）。4.4亿美元买的是什么？ARK买入的SpaceX股份，来自私募市场，而非公开交易所。这意味着这批股份的定价，依赖私募市场谈判，而非公开市场的连续报价。在SpaceX正式上市之前，这些持仓无法像普通股票一样随时买卖。据Crypto Briefing报道，SpaceX已于2026年4月1日提交保密S-1草案，目标登陆纳斯达克，IPO目标估值高达1.75万亿美元。若成真，SpaceX将在上市首日跻身全球最有价值的公司之列——这一量级，是许多科技巨头花了数十年才达到的。ARK最早在2023年底入场SpaceX，彼时公司估值不足2000亿美元。此后ARK持续加仓，并在2026年初通过SpaceX与xAI的合并进一步增加了敞口。到2024年，SpaceX估值已升至3500亿美元。卖了什么：AMD、特斯拉、百度全线减持为了给SpaceX腾仓位，ARK这一天的卖出清单相当密集。据路透社报道，ARK通过ARKQ、ARKW及ARKX三只ETF合计出售约8万股AMD，套现约3930万美元，延续此前持续削减AMD仓位的趋势。同日，ARK还减持了：特斯拉：约3.99万股，涉及金额约1590万美元百度：约6.74万股，套现约783万美元Roku：约9.88万股，套现约1182万美元（连续两日减持）火箭实验室（Rocket Lab）：约5.07万股，套现约582万美元此外还减持了CrowdStrike、Cloudflare、Veracyte等多只股票从卖出名单来看，ARK减持的既有芯片（AMD）、流媒体（Roku）、自动驾驶（特斯拉），也有网络安全（CrowdStrike、Cloudflare）和基因组学（10X Genomics）——几乎是对现有科技持仓的全面瘦身，资金集中流向SpaceX这一单一押注。第一大仓位，但集中度风险不容忽视SpaceX占ARK Venture Fund净资产的11.38%，是基金内单一最大持仓。值得注意的是，这一比例在今年3月31日时更高，达到17.02%，此后有所下降——可能是ARK主动再平衡，也可能是其他持仓相对增值所致。据Crypto Briefing报道，ARK内部模型对SpaceX的长期估值相当激进：基准情景下，2030年企业价值约2.5万亿美元；乐观情景约3.1万亿美元；即便是悲观情景，也约1.7万亿美元，与IPO目标估值基本持平。但集中度是把双刃剑。超过11%的单一私募持仓，意味着SpaceX IPO的成败，将对ARK Venture Fund的净值产生直接且显著的影响。如果上市后估值被压缩，这一集中度同样会放大损失。ARK Venture Fund：让散户进入私募市场的“通道”ARK Venture Fund的设计初衷，正是让普通投资者能够参与私募市场。过去，SpaceX这类公司的IPO前股份，几乎只对养老金、主权财富基金等机构开放。ARK通过ARKVX，把这扇门向散户打开了一条缝。但代价是流动性。私募股份不能随时卖出，估值在两轮融资之间更多依赖判断而非市场定价。投资者买入的，是一个\"等待上市\"的故事，而不是可以随时退出的流动资产。这笔交易的底层逻辑ARK的核心投资逻辑是：最大的财富创造，发生在公司上市之前。SpaceX的估值轨迹，是这一逻辑的有力注脚——从不足2000亿美元到IPO目标估值1.75万亿美元，涨幅接近9倍。ARK认为，等到公司上市再买，已经错过了最肥的一段。但这套逻辑也有其边界：私募市场的估值，在上市前更多是\"艺术\"而非\"科学\"。公开市场的定价发现，往往会对私募估值形成重新检验。SpaceX的IPO，将是对ARK这笔4.4亿美元押注的最终考验。","news_type":1,"symbols_score_info":{"SPCX":1.81,"TSLP":0.6,"AMUU":0.6,"TSL":0.6,"07766":0.6,"TSLO":0.6,"TSYY":0.6,"AMDS":0.6,"ARKX":1.8,"TSLG":0.6,"TSLQ":0.6,"AMYY":0.6,"CRSH":0.6,"TSLY":0.6,"AMDG":0.6,"TSLW":0.6,"TLA":0.6,"TSII":0.6,"AMDY":0.6,"ARKQ":1.8,"TEST":0.6,"07366":0.6,"AMDU":0.6,"09766":0.6,"TSLS":0.6,"AMDD":0.6,"TSLI":0.6,"TSLT":0.6,"AMD":1.84,"TSLZ":0.6,"TESL":0.6,"ARKW":1.8,"AMDW":0.6,"09366":0.6,"TSLA":1.87,"TSDD":0.6,"AMDL":0.6,"DAMD":0.6,"TSLR":0.6}},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":574098857493256,"gmtCreate":1781174732354,"gmtModify":1781183969242,"author":{"id":"3514972561437889","authorId":"3514972561437889","name":"小韭菜头","avatar":"https://static.tigerbbs.com/8637a57d4fb6896edea0788dfb1b3bcb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514972561437889","authorIdStr":"3514972561437889"},"themes":[],"title":"","htmlText":"不会吧，没必要啊","listText":"不会吧，没必要啊","text":"不会吧，没必要啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/574098857493256","repostId":"1168485426","repostType":2,"repost":{"id":"1168485426","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":1781174476,"share":"https://www.laohu8.com/m/news/1168485426?lang=zh_CN&edition=full","pubTime":"2026-06-11 18:41","market":"other","language":"zh","title":"三星办公室因涉嫌内幕交易遭到突击搜查","url":"https://stock-news.laohu8.com/highlight/detail?id=1168485426","media":"老虎资讯综合","summary":"三星办公室因涉嫌内幕交易遭到突击搜查。","content":"<html><head></head><body>据韩联社，三星办公室因涉嫌内幕交易遭到突击搜查。</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 name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>三星办公室因涉嫌内幕交易遭到突击搜查</title>\n<style 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18:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>据韩联社，三星办公室因涉嫌内幕交易遭到突击搜查。</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/83a889b72015cbc53a5f2d8fd313e1cc","relate_stocks":{"SSNLF":"三星电子"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168485426","content_text":"据韩联社，三星办公室因涉嫌内幕交易遭到突击搜查。","news_type":1,"symbols_score_info":{"SSNLF":2}},"isVote":1,"tweetType":1,"viewCount":40,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":574063236318352,"gmtCreate":1781166037349,"gmtModify":1781167235122,"author":{"id":"3514972561437889","authorId":"3514972561437889","name":"小韭菜头","avatar":"https://static.tigerbbs.com/8637a57d4fb6896edea0788dfb1b3bcb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514972561437889","authorIdStr":"3514972561437889"},"themes":[],"title":"","htmlText":"<a 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href=\"https://laohu8.com/S/03388\">$创想三维(03388)$</a> 这是绿鞋","text":"$创想三维(03388)$ 这是绿鞋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/570566335472600","isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":565824704697944,"gmtCreate":1779175174825,"gmtModify":1779175176813,"author":{"id":"3514972561437889","authorId":"3514972561437889","name":"小韭菜头","avatar":"https://static.tigerbbs.com/8637a57d4fb6896edea0788dfb1b3bcb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514972561437889","authorIdStr":"3514972561437889"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09911\">$赤子城科技(09911)$ </a> 香港股市很难给股票估值，感觉随心情．暗庄明庄，交易少流动性一般。。","listText":"<a href=\"https://laohu8.com/S/09911\">$赤子城科技(09911)$ </a> 香港股市很难给股票估值，感觉随心情．暗庄明庄，交易少流动性一般。。","text":"$赤子城科技(09911)$ 香港股市很难给股票估值，感觉随心情．暗庄明庄，交易少流动性一般。。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/565824704697944","isVote":1,"tweetType":1,"viewCount":618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":564436558890920,"gmtCreate":1778836285681,"gmtModify":1778836288233,"author":{"id":"3514972561437889","authorId":"3514972561437889","name":"小韭菜头","avatar":"https://static.tigerbbs.com/8637a57d4fb6896edea0788dfb1b3bcb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3514972561437889","authorIdStr":"3514972561437889"},"themes":[],"title":"","htmlText":"我也公布建仓特斯拉。美光，amd，英伟达。","listText":"我也公布建仓特斯拉。美光，amd，英伟达。","text":"我也公布建仓特斯拉。美光，amd，英伟达。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/564436558890920","repostId":"1133471498","repostType":2,"repost":{"id":"1133471498","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":1778835858,"share":"https://www.laohu8.com/m/news/1133471498?lang=zh_CN&edition=full","pubTime":"2026-05-15 17:04","market":"us","language":"zh","title":"比尔·阿克曼称已建仓微软，称微软正处在技术变革拐点","url":"https://stock-news.laohu8.com/highlight/detail?id=1133471498","media":"老虎资讯综合","summary":"将公开一项新的投资——建仓微软。","content":"<html><head></head><body><p>知名对冲基金经理比尔·阿克曼周五披露，其执掌的潘兴广场已建立<a href=\"https://laohu8.com/S/MSFT\" title=\"微软\" class=\"\">微软</a>新仓位。阿克曼在声明中表示，微软近期股价回调创造了“令人信服的估值机会”，他特别看好Azure云业务的增长潜力以及Copilot人工智能助手在企业级市场的广阔前景。</p><p>阿克曼将此次投资与此前成功布局Alphabet、<a href=\"https://laohu8.com/S/AMZN\" title=\"亚马逊\" class=\"\">亚马逊</a>和<a href=\"https://laohu8.com/S/META\" title=\"Meta\" class=\"\">Meta</a>的经历相提并论，认为微软正处在类似的技术变革拐点。</p><p>微软持续逆市拉升，盘中涨约4%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8a2419fd1545e526090a2b3e004b27f\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p></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\" 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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\">2026-05-15 17:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>知名对冲基金经理比尔·阿克曼周五披露，其执掌的潘兴广场已建立<a href=\"https://laohu8.com/S/MSFT\" title=\"微软\" class=\"\">微软</a>新仓位。阿克曼在声明中表示，微软近期股价回调创造了“令人信服的估值机会”，他特别看好Azure云业务的增长潜力以及Copilot人工智能助手在企业级市场的广阔前景。</p><p>阿克曼将此次投资与此前成功布局Alphabet、<a href=\"https://laohu8.com/S/AMZN\" title=\"亚马逊\" class=\"\">亚马逊</a>和<a href=\"https://laohu8.com/S/META\" title=\"Meta\" class=\"\">Meta</a>的经历相提并论，认为微软正处在类似的技术变革拐点。</p><p>微软持续逆市拉升，盘中涨约4%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8a2419fd1545e526090a2b3e004b27f\" tg-width=\"560\" tg-height=\"240\" data-image-type=\"kline\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/54720eb51050254e71d6298681bc4fdb","relate_stocks":{"MSFT":"微软"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133471498","content_text":"知名对冲基金经理比尔·阿克曼周五披露，其执掌的潘兴广场已建立微软新仓位。阿克曼在声明中表示，微软近期股价回调创造了“令人信服的估值机会”，他特别看好Azure云业务的增长潜力以及Copilot人工智能助手在企业级市场的广阔前景。阿克曼将此次投资与此前成功布局Alphabet、亚马逊和Meta的经历相提并论，认为微软正处在类似的技术变革拐点。微软持续逆市拉升，盘中涨约4%。","news_type":1,"symbols_score_info":{"MSFT":1}},"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"following","isTTM":false}
