<p><strong>SpaceX (NASDAQ: SPCX)</strong> 股票在其作为上市公司的首日上涨了 19%，估值突破 2 万亿美元，符合大多数分析师的预期。</p>
<h2>分析师对 SpaceX 股票的看法不一</h2>
<p>该公司吸引了不同的看法，一些分析师预测其长期将持续上涨。例如，<strong>高盛</strong> (NYSE: GS) 预测到 2030 年其收入将增长 100 倍。其他看好者则指出其在发射、宽带互联网和人工智能等关键领域的巨大可寻址市场。</p>
<p>然而，<strong>晨星</strong> (NYSE: MORN) 认为该 公司正日益被高估。他们估计该股票的真实价值低于 1 万亿美元。</p>
<p>著名的空头卖空者吉姆·查诺斯警告称，当前的高估值毫无意义。他指出公司的亏损以及 2025 年预计的 180 亿美元收入。</p>
<p><strong>另请阅读：</strong>
<strong>DraftKings 和 Flutter 在世界杯继续进行时上涨，但关键风险依然存在</strong></p>
<h2>为什么 SPCX 股票在 IPO 后可能会下跌</h2>
<p>有几个原因可能导致 SpaceX 股票 在接下来的几周或几个月内回落。首先，围绕其 IPO 的炒作将会减退，投资者将开始关注即将到来的 OpenAI 和 Anthropic IPO。</p>
<p>其次，历史表明，超过 90% 的新上市公司在 IPO 后会飙升，然后因投资者获利了结而回落。一个很好的例子是 <strong>Meta Platforms</strong> (NASDAQ: META)，其股票在 IPO 后从 25 美元飙升至 45 美元，随后在几周内跌至 17 美元，之后才开始恢复。</p>
<p>最近，<strong>Circle Internet Group</strong> (NYSE: CRCL) 引起了人们的关注，其股票在几天内从 64 美元飙升至 300 美元。几个月后，股票跌至 49.35 美元的低点，IPO 后的涨幅消退。<strong>Figma</strong> (NYSE: FIG) 股票从 84 美元飙升至 142 美元，然后跌至 20 美元以下。因此，尽管其受欢迎程度很高，但 SPCX 股票在投资者开始获利了结时可能会回落。</p>
<p>此外，该公司因其人工智能业务而损失数十亿美元，该业务是通过与 xAI 合并获得的。其最新结果显示，今年第一季度净亏损超过 42 亿美元。去年亏损 49 亿美元。</p>
<p>该公司与 <strong>特斯拉</strong> (NASDAQ: TSLA) 一起在 Terafab 上投资超过 1190 亿美元，这是一座巨型芯片制造厂。这笔支出可能会影响其未来几年的盈利能力，也可能迫使其通过市场发行（ATM）筹集资金。</p>
<p>另一个可能导致其下跌的原因是其分层锁定期将在 180 天后到期。这一到期使得内部人士可以开始出售其股份。在大多数情况下，股票往往会在到期日前回落。</p>
<p><strong>另请阅读：</strong>
<strong>你可能从未听说过的一家公司的联合创始人刚刚增加了 1000 亿美元的净资产</strong></p>
<p><em>图片来源：Shutterstock</em></p>

SPCX

2倍做多SpaceX ETF-leverage shares

SPCF

SPAL

SSPC

SPCU

<p>SpaceX 的股票在首次公开募股（IPO）首日上涨了 19%，市值达到了 2 万亿美元。然而，分析师警告，由于对高估值的看法不一、人工智能业务和芯片制造投资的重大净亏损、历史上 IPO 后获利了结的趋势，以及即将到期的内部锁定协议，可能会出现反转</p>

<p><strong>SpaceX (NASDAQ: SPCX)</strong> stock price jumped by 19% on its first day as a publicly-traded company, with its valuation crossing the $2 trillion mark as most analysts were expecting.</p>
<div class="lb-trans"><p><strong>SpaceX (NASDAQ: SPCX)</strong> 股票在其作为上市公司的首日上涨了 19%，估值突破 2 万亿美元，符合大多数分析师的预期。</p>
</div><h2>Analysts Have Mixed Opinions on SpaceX Stock</h2>
<div class="lb-trans"><h2>分析师对 SpaceX 股票的看法不一</h2>
</div><p>The company has attracted mixed opinions, with some analysts predicting that it will keep soaring in the long-term. For example, <strong>Goldman Sachs</strong> (NYSE: GS) predicted that its revenue will jump by 100x by 2030. Other bulls cite its large total addressable markets in key areas like launch, broadband internet, and AI.</p>
<div class="lb-trans"><p>该公司吸引了不同的看法，一些分析师预测其长期将持续上涨。例如，<strong>高盛</strong> (NYSE: GS) 预测到 2030 年其收入将增长 100 倍。其他看好者则指出其在发射、宽带互联网和人工智能等关键领域的巨大可寻址市场。</p>
</div><p>However, <strong>Morningstar</strong> (NYSE: MORN) argued that the company was increasingly overvalued. Its estimate was that the stock's real value was below $1 trillion.</p>
<div class="lb-trans"><p>然而，<strong>晨星</strong> (NYSE: MORN) 认为该 公司正日益被高估。他们估计该股票的真实价值低于 1 万亿美元。</p>
</div><p>Jim Chanos, the famed short-seller who blew the whistle on Enron, warned that the elevated valuation made no sense. He pointed to its losses and its 2025 revenue of $18 billion.</p>
<div class="lb-trans"><p>著名的空头卖空者吉姆·查诺斯警告称，当前的高估值毫无意义。他指出公司的亏损以及 2025 年预计的 180 亿美元收入。</p>
</div><p><strong>Read Also:</strong>
<strong>DraftKings and Flutter Jump as World Cup Continues, But Key Risk Remains</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>DraftKings 和 Flutter 在世界杯继续进行时上涨，但关键风险依然存在</strong></p>
</div><h2>Why SPCX Stock May Drop After the IPO</h2>
<div class="lb-trans"><h2>为什么 SPCX 股票在 IPO 后可能会下跌</h2>
</div><p>There are several reasons why the SpaceX stock will retreat in the coming weeks or months. First, the hype surrounding its IPO will fade as investors embrace the new normal and start focusing on the upcoming OpenAI and Anthropic IPOs.</p>
<div class="lb-trans"><p>有几个原因可能导致 SpaceX 股票 在接下来的几周或几个月内回落。首先，围绕其 IPO 的炒作将会减退，投资者将开始关注即将到来的 OpenAI 和 Anthropic IPO。</p>
</div><p>Second, history shows that over 90% of all newly listed companies surge after their IPOs and then pull back as investors book profits. A good example of this is <strong>Meta Platforms</strong> (NASDAQ: META), which jumped from $25 to $45 shortly after its IPO. It then dropped to $17 within weeks before starting its recovery.</p>
<div class="lb-trans"><p>其次，历史表明，超过 90% 的新上市公司在 IPO 后会飙升，然后因投资者获利了结而回落。一个很好的例子是 <strong>Meta Platforms</strong> (NASDAQ: META)，其股票在 IPO 后从 25 美元飙升至 45 美元，随后在几周内跌至 17 美元，之后才开始恢复。</p>
</div><p>Most recently, <strong>Circle Internet Group</strong> (NYSE: CRCL) made headlines when it jumped from $64 to $300 within days. After a few months, the stock plunged to a low of $49.35 as the post IPO gains faded. <strong>Figma</strong> (NYSE: FIG) stock soared from $84 to $142, and then dropped to below $20. As such, despite its popularity, there is a likelihood that the SPCX stock will pull back as investors start booking profits.</p>
<div class="lb-trans"><p>最近，<strong>Circle Internet Group</strong> (NYSE: CRCL) 引起了人们的关注，其股票在几天内从 64 美元飙升至 300 美元。几个月后，股票跌至 49.35 美元的低点，IPO 后的涨幅消退。<strong>Figma</strong> (NYSE: FIG) 股票从 84 美元飙升至 142 美元，然后跌至 20 美元以下。因此，尽管其受欢迎程度很高，但 SPCX 股票在投资者开始获利了结时可能会回落。</p>
</div><p>Further, the company is losing billions of dollars because of its AI business, which it gained by merging with xAI. Its most recent results showed that it suffered a net loss of over $4.2 billion in the first quarter of this year. It suffered a $4.9 billion last year.</p>
<div class="lb-trans"><p>此外，该公司因其人工智能业务而损失数十亿美元，该业务是通过与 xAI 合并获得的。其最新结果显示，今年第一季度净亏损超过 42 亿美元。去年亏损 49 亿美元。</p>
</div><p>The company, together with <strong>Tesla</strong> (NASDAQ: TSLA), is spending over $119 billion on Terafab, a giant plant to manufacture chips. This spending will likely affect its profitability in the coming years. It may also push it to raise cash through at-the-market (ATM) offerings.</p>
<div class="lb-trans"><p>该公司与 <strong>特斯拉</strong> (NASDAQ: TSLA) 一起在 Terafab 上投资超过 1190 亿美元，这是一座巨型芯片制造厂。这笔支出可能会影响其未来几年的盈利能力，也可能迫使其通过市场发行（ATM）筹集资金。</p>
</div><p>The other reason it may drop is that its tiered lock-up expiry will happen after 180 days. This expiration makes it possible for insiders to start selling their shares. In most cases, stocks often retreat ahead of the expiration date.</p>
<div class="lb-trans"><p>另一个可能导致其下跌的原因是其分层锁定期将在 180 天后到期。这一到期使得内部人士可以开始出售其股份。在大多数情况下，股票往往会在到期日前回落。</p>
</div><p><strong>Read Also:</strong>
<strong>Co-Founders of a Company You've Probably Never Heard Of Just Added $100 Billion to Their Net Worth</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>你可能从未听说过的一家公司的联合创始人刚刚增加了 1000 亿美元的净资产</strong></p>
</div><p><em>Image: Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源：Shutterstock</em></p>
</div>

SpaceX 股票在 IPO 后上涨：以下是其可能很快回调的原因