SpaceX stock erases all its gains and slides below IPO price in intraday trading
SpaceX stock erases all its gains and slides below IPO price in intraday trading
SpaceX 股价回吐所有涨幅，盘中一度跌破 IPO 发行价
SpaceX stock dropped below its initial public offering price for the first time on Wednesday, signaling dwindling hype around the Elon Musk company. 周三，SpaceX 股价首次跌破其首次公开募股（IPO）发行价，这标志着围绕这家埃隆·马斯克旗下公司的热度正在减退。
Shares dipped below their IPO price of $135 on Wednesday morning for the first time since listing, a humbling loss for the stock, which had skyrocketed more than 50% in its first days of trading last month. The shares regained some ground later in the day, closing at $135.27. 周三上午，该股自上市以来首次跌破 135 美元的 IPO 发行价。对于上个月上市初期曾飙升超过 50% 的 SpaceX 股票而言，这无疑是一次挫折。该股在当天晚些时候收复了部分失地，最终收于 135.27 美元。
The initial offering gave the company a market cap of $2.2 trillion, making it one of the world’s most valuable public companies. For a short period, the IPO also made Musk the world’s first trillionaire, though his net worth now is about $800 billion. 此次 IPO 使该公司的市值达到 2.2 万亿美元，成为全球市值最高的上市公司之一。在短期内，此次 IPO 还让马斯克成为了全球首位万亿富翁，尽管他目前的净资产约为 8000 亿美元。
On July 7, the company was added to the Nasdaq-100 after a rule change allowed companies to join 15 days after their IPOs. 7 月 7 日，在规则变更允许公司在 IPO 15 天后加入该指数后，SpaceX 被纳入纳斯达克 100 指数。
SpaceX raised a total of $86 billion after underwriters exercised their right to sell additional shares, on top of the $75 billion initially raised. It was the largest IPO in history. 在承销商行使超额配售权额外出售股票后，SpaceX 在最初筹集的 750 亿美元基础上，总共筹集了 860 亿美元。这是史上规模最大的 IPO。
SpaceX, based near Austin, Texas, is the leading launch services company in the world, with its Falcon 9 rocket accounting for the vast majority of satellites launched last year. 总部位于德克萨斯州奥斯汀附近的 SpaceX 是全球领先的发射服务公司，其猎鹰 9 号火箭承担了去年绝大多数的卫星发射任务。
It is also the leading satellite-based broadband provider with its Starlink service. The extraordinary interest in the IPO was driven by Musk’s plans to make the company an AI leader — including plans to launch orbiting satellite data centers powered by the sun that crunch AI data. 它还是领先的卫星宽带提供商，运营着“星链”（Starlink）服务。市场对此次 IPO 的极大兴趣，主要源于马斯克将该公司打造为人工智能领域领导者的计划——包括发射由太阳能驱动、用于处理 AI 数据的轨道卫星数据中心。
The company’s headquarters moved from Hawthorne to Texas in 2024, but it retains large operations in the South Bay city and blasts off regularly from Vandenberg Space Force Base in Santa Barbara County. 该公司总部于 2024 年从霍桑迁至德克萨斯州，但在南湾地区仍保留了庞大的业务，并定期从圣巴巴拉县的范登堡太空军基地进行发射。
Since the IPO, SpaceX has used its newfound wealth to expand in the AI space. 自 IPO 以来，SpaceX 一直利用其新获得的资金在人工智能领域进行扩张。
It announced last month that it was acquiring the AI coding startup Cursor for $60 billion, with the deal expected to close in the third quarter. The San Francisco company, founded in 2022, enables engineers to instruct software in English to run coding tasks autonomously. 该公司上个月宣布以 600 亿美元收购 AI 编程初创公司 Cursor，该交易预计将于第三季度完成。这家成立于 2022 年的旧金山公司，能够让工程师通过英语指令让软件自动执行编程任务。
Musk also merged his xAI artificial intelligence company into SpaceX earlier this year. The combined entity recently announced it was leasing computing power to rivals Anthropic and Google at two terrestrial data centers it has constructed. 马斯克还在今年早些时候将其人工智能公司 xAI 并入了 SpaceX。合并后的实体最近宣布，正在其建造的两个地面数据中心向竞争对手 Anthropic 和谷歌出租计算能力。
Since the IPO, investors have expressed concerns about the company’s spending plans and debt load. 自 IPO 以来，投资者对该公司的支出计划和债务负担表示担忧。
Even with the volatility of the last month, there’s still more uncertainty to come. The stock could fall further as locked-up shares held by current and former employees are released. 尽管上个月市场波动剧烈，但未来仍存在更多不确定性。随着现任和前任员工持有的锁定股票即将解禁，股价可能会进一步下跌。
At least 20% of the shares will be released after second-quarter results are disclosed sometime in the coming months, with all the lockups expiring in December. 在未来几个月披露第二季度财报后，至少 20% 的股票将解禁，所有锁定股份将于 12 月到期。
But SpaceX isn’t the only megacap stock to experience ups and downs early on. Shares of Meta, then named Facebook, fell significantly below the IPO price of $38 before recovering. After its May 2012 launch, shares plummeted by nearly 50% and hit a record low of $19.69 in August 2012. The company took more than 14 months to rebound, finally surpassing its $38 IPO price in July 2013. 但 SpaceX 并非唯一一家在上市初期经历起伏的超大型股。Meta（当时名为 Facebook）的股价在上市后曾大幅跌破 38 美元的 IPO 发行价，随后才实现回升。2012 年 5 月上市后，其股价暴跌近 50%，并于 2012 年 8 月触及 19.69 美元的历史低点。该公司花了超过 14 个月的时间才反弹，最终在 2013 年 7 月超过了 38 美元的 IPO 发行价。