真正的入教门票[开心_老虎社区_美港股上老虎 - 老虎社区

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畜牧教主马斯克
06-10 18:53

真正的入教门票[开心] 看看那天会有多少人卖出

SpaceX惊天IPO倒计时！旧规则被掀翻：固定发行价、散户大配售、马斯克绝对控盘

本周，埃隆·马斯克旗下火箭及卫星制造商SpaceX将以创纪录的750亿美元规模上市，其IPO方式突破了传统华尔街惯例，引发市场广泛关注。SpaceX在与投资者举行路演之前就已经确定了价格。当然，SpaceX能否落实其股票定价计划，取决于市场需求。纳斯达克指数规则已进行了调整，这可能使SpaceX迅速被纳入纳斯达克100指数。此前，标普指数编制机构拒绝修改相关规则，例如公司必须实现盈利这一要求，而SpaceX目前尚未盈利。SpaceX本身尚未证明其核心业务一定能够成立。

SpaceX惊天IPO倒计时！旧规则被掀翻：固定发行价、散户大配售、马斯克绝对控盘

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Kennedy表示：“这确实打破了正常IPO流程。通常情况下，价格区间会为投资者提供一个起点，并让公司根据路演期间的反馈进行调整。”</p><p>他补充称：“一开始就设定固定价格，会让路演从价格发现过程变成更像销售推介的过程。”</p><p>目前尚不清楚马斯克是否会亲自参加路演。路透社报道称，他曾在首批路演活动之一中通过视频现身，而且是临时加入议程。</p><p>当然，SpaceX能否落实其股票定价计划，取决于市场需求。最终IPO发行价将于6月11日确定，股票将于次日在纳斯达克开始交易。</p><p><strong>2. 为普通投资者留出空间</strong></p><p>SpaceX不仅在改变谁能获得股票，也在推动投行降低IPO费用。</p><p>通常情况下，没有数百万美元可投资的普通散户投资者，很少有机会参与IPO认购。但路透此前报道称，SpaceX正考虑将此次发行中最多30%的股份分配给个人投资者。这是一个异常庞大的散户配售比例，目的是利用马斯克庞大的忠实追随者群体。</p><p>Annex Wealth Management首席经济策略师Brian Jacobsen表示：“散户配售比例如此之大，他们可能把外面那群争相认购的个人投资者视为一种安全网。”</p><p>纳斯达克指数规则已进行了调整，这可能使SpaceX迅速被纳入纳斯达克100指数。一旦纳入，许多跟踪该指数的基金和投资者将被迫买入其股票。</p><p>不过，短期内SpaceX仍无法进入备受关注的<a href=\"https://laohu8.com/S/161125\">标普500</a>指数。此前，标普指数编制机构拒绝修改相关规则，例如公司必须实现盈利这一要求，而SpaceX目前尚未盈利。</p><p><strong>3. 内部人士可提前退出</strong></p><p>根据文件披露，SpaceX员工将能够在通常为期六个月的限售期结束前，分阶段出售部分股票。这表明这家火箭制造商似乎并不太担心内部人士集中抛售会对股价造成压力。</p><p>此次上市几乎全部为新股发行，即所谓的一级发行。上述两种安排虽然不常见，但并非没有先例。</p><p>马斯克本人则必须持有股票约一年。</p><p><strong>4. 马斯克仍牢牢掌控公司</strong></p><p>马斯克正在出售股份，但他并没有放弃控制权，甚至远远谈不上放弃。</p><p>传统IPO可能会逐步扩大公司治理监督范围。虽然许多科技公司创始人通过特殊类别的超级投票权股票掌握超常影响力，但SpaceX招股书显示，IPO后，马斯克仍将持有公司合计投票权中惊人的85.1%。</p><p>这还只是开始。除非马斯克本人同意，否则他不能被解除首席执行官职务。SpaceX还增加了一些公司治理条款，可能使股东更难挑战公司决策，包括对<span><span>某</span></span>些法律行动设置最低持股门槛，以及限制股东提案。</p><p><strong>5. 押注尚未真正存在的业务</strong></p><p>许多投资者认为，投资SpaceX更像是在押注马斯克本人，而不是<span><span>某</span></span>项具体技术。而市场显然愿意押注这个人：路透报道称，针对这笔750亿美元融资，SpaceX获得了约1500亿美元的认购需求。</p><p>SpaceX本身尚未证明其核心业务一定能够成立。该公司仍处于亏损状态，主要原因是对AI计算机的大规模投资。其计划中的一个关键部分，是在太空部署<span><a href=\"https://laohu8.com/S/000591\">太阳能</a></span>供电的<span>数据中心</span>。公司还为马斯克推动火星殖民设定了巨大的财务激励。</p><p>目前，SpaceX最赚钱的业务是其Starlink<span>卫星互联网</span>业务，但该业务仍在建设和市场测试阶段。此外，SpaceX未来很大程度上的成功，还取决于一款仍处于测试阶段的大型火箭——星舰。</p><p>毫无疑问的是，其使命充满诗意。正如公司所说：“我们的使命是建立必要的系统和技术，使生命成为多星球物种，理解宇宙的真正本质，并将意识之光延伸至群星。”</p>\n<div>\n<p>美股频道更多独家策划、专家专栏，免费查阅&gt;&gt;</p>\n<div>\r\n            责任编辑：栎树\r\n          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class=\"title\">\nSpaceX惊天IPO倒计时！旧规则被掀翻：固定发行价、散户大配售、马斯克绝对控盘\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-10 07:49 北京时间&nbsp;&nbsp;&nbsp;<a href=https://usstock.jrj.com.cn/2026/06/10074957407119.shtml><strong>FX168全球投资</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>本周，埃隆·马斯克旗下火箭及卫星制造商SpaceX将以创纪录的750亿美元规模上市，其IPO方式突破了传统华尔街惯例，引发市场广泛关注。以下是SpaceX如何把其开创性的商业风格带入IPO市场、打破华尔街传统。1. “要么接受，要么放弃”的股票定价SpaceX的目标估值约为1.8万亿美元，发行价定为每股135美元，且没有商量余地。SpaceX在与投资者举行路演之前就已经确定了价格。而在华尔街传统...</p>\n\n<a href=\"https://usstock.jrj.com.cn/2026/06/10074957407119.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":{"BK4533":"AQR资本管理(全球第二大对冲基金)","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4534":"瑞士信贷持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4516":"特朗普概念","BK4543":"AI","BK4592":"伊斯兰概念","TSLA":"特斯拉","LU0823411888.USD":"法巴消费创新基金 Cap","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY 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INC"},"source_url":"https://usstock.jrj.com.cn/2026/06/10074957407119.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2642094413","content_text":"本周，埃隆·马斯克旗下火箭及卫星制造商SpaceX将以创纪录的750亿美元规模上市，其IPO方式突破了传统华尔街惯例，引发市场广泛关注。以下是SpaceX如何把其开创性的商业风格带入IPO市场、打破华尔街传统。1. “要么接受，要么放弃”的股票定价SpaceX的目标估值约为1.8万亿美元，发行价定为每股135美元，且没有商量余地。SpaceX在与投资者举行路演之前就已经确定了价格。而在华尔街传统IPO流程中，路演通常用于测试投资者需求，并据此设定价格区间。专注IPO研究和ETF的Renaissance Capital高级策略师Matt Kennedy表示：“这确实打破了正常IPO流程。通常情况下，价格区间会为投资者提供一个起点，并让公司根据路演期间的反馈进行调整。”他补充称：“一开始就设定固定价格，会让路演从价格发现过程变成更像销售推介的过程。”目前尚不清楚马斯克是否会亲自参加路演。路透社报道称，他曾在首批路演活动之一中通过视频现身，而且是临时加入议程。当然，SpaceX能否落实其股票定价计划，取决于市场需求。最终IPO发行价将于6月11日确定，股票将于次日在纳斯达克开始交易。2. 为普通投资者留出空间SpaceX不仅在改变谁能获得股票，也在推动投行降低IPO费用。通常情况下，没有数百万美元可投资的普通散户投资者，很少有机会参与IPO认购。但路透此前报道称，SpaceX正考虑将此次发行中最多30%的股份分配给个人投资者。这是一个异常庞大的散户配售比例，目的是利用马斯克庞大的忠实追随者群体。Annex Wealth Management首席经济策略师Brian Jacobsen表示：“散户配售比例如此之大，他们可能把外面那群争相认购的个人投资者视为一种安全网。”纳斯达克指数规则已进行了调整，这可能使SpaceX迅速被纳入纳斯达克100指数。一旦纳入，许多跟踪该指数的基金和投资者将被迫买入其股票。不过，短期内SpaceX仍无法进入备受关注的标普500指数。此前，标普指数编制机构拒绝修改相关规则，例如公司必须实现盈利这一要求，而SpaceX目前尚未盈利。3. 内部人士可提前退出根据文件披露，SpaceX员工将能够在通常为期六个月的限售期结束前，分阶段出售部分股票。这表明这家火箭制造商似乎并不太担心内部人士集中抛售会对股价造成压力。此次上市几乎全部为新股发行，即所谓的一级发行。上述两种安排虽然不常见，但并非没有先例。马斯克本人则必须持有股票约一年。4. 马斯克仍牢牢掌控公司马斯克正在出售股份，但他并没有放弃控制权，甚至远远谈不上放弃。传统IPO可能会逐步扩大公司治理监督范围。虽然许多科技公司创始人通过特殊类别的超级投票权股票掌握超常影响力，但SpaceX招股书显示，IPO后，马斯克仍将持有公司合计投票权中惊人的85.1%。这还只是开始。除非马斯克本人同意，否则他不能被解除首席执行官职务。SpaceX还增加了一些公司治理条款，可能使股东更难挑战公司决策，包括对某些法律行动设置最低持股门槛，以及限制股东提案。5. 押注尚未真正存在的业务许多投资者认为，投资SpaceX更像是在押注马斯克本人，而不是某项具体技术。而市场显然愿意押注这个人：路透报道称，针对这笔750亿美元融资，SpaceX获得了约1500亿美元的认购需求。SpaceX本身尚未证明其核心业务一定能够成立。该公司仍处于亏损状态，主要原因是对AI计算机的大规模投资。其计划中的一个关键部分，是在太空部署太阳能供电的数据中心。公司还为马斯克推动火星殖民设定了巨大的财务激励。目前，SpaceX最赚钱的业务是其Starlink卫星互联网业务，但该业务仍在建设和市场测试阶段。此外，SpaceX未来很大程度上的成功，还取决于一款仍处于测试阶段的大型火箭——星舰。毫无疑问的是，其使命充满诗意。正如公司所说：“我们的使命是建立必要的系统和技术，使生命成为多星球物种，理解宇宙的真正本质，并将意识之光延伸至群星。”\n\n美股频道更多独家策划、专家专栏，免费查阅>>\n\r\n          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