<p>在 6 月 16 日，<strong>太空探索技术公司</strong>（SPCX 3.55%）或称 SpaceX，股价一度飙升 至每股 225.29 美元。以 131.7 亿股完全摊薄的流通股计算，SpaceX 的市值在短短几分钟内达到了 2.97 万亿美元。<strong>亚马逊</strong>（AMZN +3.01%）当天的交易价格比其 2.96 万亿美元的市值峰值低了 10.6%。</p>
<p>然而，过去几天情况发生了逆转，亚马逊迎来了第二春，而 SpaceX 则开始疲软。截至 6 月 18 日，亚马逊以 2.62 万亿美元的市值重新回到榜首，而火箭和人工智能公司 SpaceX 的市值为 2.36 万亿美元。</p>
<p>尽管如此，SpaceX 上市后的势头仍然令人惊叹，市值排名可能会再次翻转。万亿俱乐部的竞争愈发激烈。</p>
<p>因此，SpaceX 在华尔街的首周表现非常抢眼。接下来它可能会走向何方？</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1NQQ1gucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="太空探索技术公司股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1NQQ1gucG5nJnc9MTI4"/></p>
<h2>NASDAQ: SPCX</h2>
<p>太空探索技术公司</p>
<p>今日变动</p>
<p>(-3.55%) $-6.82</p>
<p>当前价格</p>
<p>$185.00</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$2.4T</p>
<p>日内区间</p>
<p>$172.11 - $190.00</p>
<p>52 周区间</p>
<p>$149.34 - $225.64</p>
<p>成交量</p>
<p>272.1M</p>
<p>平均成交量</p>
<p>314.9M</p>
<h2>SpaceX 与 “七大奇迹” 的对比</h2>
<p>让我们将 SpaceX 与已建立的 “七大奇迹” 股票进行比较。以亚马逊为例，过去四个季度的收入为 7230 亿美元，净收入为 908 亿美元。最小的七大奇迹企业是 SpaceX 的企业表亲，<strong>特斯拉</strong>（TSLA +1.18%），其收入为 39 亿美元，销售额为 980 亿美元。</p>
<p>在同一时期，SpaceX 的净亏损为 86.9 亿美元，收入为 193 亿美元。这些财务数据涵盖了 SpaceX 火箭发射和 Starlink 运营的整整一年，以及 2026 年 2 月底并入 SpaceX 的 xAI 人工智能公司的大约两个月的运营。X 社交媒体业务也随之合并，已于 2026 年 2 月与 xAI 合并。</p>
<p>很难确切判断每个业务板块对 SpaceX 整体业务的影响，因为该公司尚未报告季度收益，其 S-1 文件在特定业务财务数据方面也较为薄弱。此外，基础的火箭业务目前仍然波动且不可预测。</p>
<p>然而，2026 年第一季度初的 xAI 合并似乎增加了更多的支出而非收入。建设数据中心并不便宜，在其中运营人工智能业务的成本更高。</p>
<h2>SpaceX 让 Nvidia 显得便宜</h2>
<p>大多数股票数据服务尚未为 SpaceX 提供任何市盈率（P/E）或市销率（P/S）估值比率，而在公司以数十亿美元的速度烧钱时，基于利润的指标并没有意义。但该股票目前的市销率为 125 倍的历史收入。这对于一家火箭公司来说可能在主题上是合适的，但它的价格是 <strong>Nvidia</strong>（NVDA +3.08%）的六倍，后者是七大奇迹中第二昂贵的股票，市销率为 20 倍。</p>
<p>因此，SpaceX 在短短几个辉煌小时内超越了亚马逊，随后现实重新回归。该股票的高估值使得 Nvidia 显得相对节俭。埃隆·马斯克将火箭、聊天机器人和社交媒体平台合并为一个上市实体。这究竟是聪明的纵向整合，还是史诗般的企业 “火鸡夹” 仍有待观察。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzUwNDUvc3BjeC1hbXpuLWxvZ29zLnBuZyZ3PTM4NDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzUwNDUvc3BjeC1hbXpuLWxvZ29zLnBuZyZ3PTM4NDA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>火箭、聊天机器人和推文在一个屋檐下（我选择观望）</h2>
<p>万亿俱乐部变得更加有趣，增加了一个涵盖火箭、社交媒体、卫星互联网和人工智能业务的综合体。SpaceX 的头条新闻将在未来几年内自我书写。</p>
<p>但我不介意在华尔街的边缘观看这场斗争。我预计这只火热的股票在未来几年将会 大幅降温。</p>

亚马逊

SPCX

SPCQ

<p>SpaceX 的市值一度超过亚马逊，达到了 2.97 万亿美元，但亚马逊随后以 2.62 万亿美元重新夺回了首位。尽管有这样的势头，SpaceX 面临着重大挑战，包括 86.9 亿美元的净亏损和高达 125 倍的市销率，这一比例是英伟达的六倍。公司的估值反映了其火箭技术、人工智能和社交媒体资产的复杂合并，导致市场预期该股票在未来几年可能会显著降温</p>

<p>On June 16, <strong>Space Exploration Technologies</strong>( SPCX 3.55%), or SpaceX, soared to an intraday high of $225.29 per share. With 13.17 billion fully diluted shares outstanding, SpaceX was worth $2.97 trillion for a few minutes. <strong>Amazon</strong>( AMZN +3.01%) traded 10.6% below its own $2.96 trillion market cap peak that day.</p>
<div class="lb-trans"><p>在 6 月 16 日，<strong>太空探索技术公司</strong>（SPCX 3.55%）或称 SpaceX，股价一度飙升 至每股 225.29 美元。以 131.7 亿股完全摊薄的流通股计算，SpaceX 的市值在短短几分钟内达到了 2.97 万亿美元。<strong>亚马逊</strong>（AMZN +3.01%）当天的交易价格比其 2.96 万亿美元的市值峰值低了 10.6%。</p>
</div><p>The situation has reversed in the last couple of days, as Amazon caught a second wind and SpaceX started to sputter. As of this writing on June 18, Amazon is back on top with a $2.62 trillion cap versus the rocketry and AI company's $2.36 trillion reading.</p>
<div class="lb-trans"><p>然而，过去几天情况发生了逆转，亚马逊迎来了第二春，而 SpaceX 则开始疲软。截至 6 月 18 日，亚马逊以 2.62 万亿美元的市值重新回到榜首，而火箭和人工智能公司 SpaceX 的市值为 2.36 万亿美元。</p>
</div><p>Still, SpaceX's post-IPO momentum was an awe-inspiring moment, and the cap rankings might flip again. It's getting crowded in the trillion-dollar club.</p>
<div class="lb-trans"><p>尽管如此，SpaceX 上市后的势头仍然令人惊叹，市值排名可能会再次翻转。万亿俱乐部的竞争愈发激烈。</p>
</div><p>So SpaceX made big moves in its first week on Wall Street. Where might it go from here?</p>
<div class="lb-trans"><p>因此，SpaceX 在华尔街的首周表现非常抢眼。接下来它可能会走向何方？</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1NQQ1gucG5nJnc9MTI4" alt="Space Exploration Technologies Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FSPCX.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: SPCX</h2>
<div class="lb-trans"><h2>NASDAQ: SPCX</h2>
</div><p>Space Exploration Technologies</p>
<div class="lb-trans"><p>太空探索技术公司</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-3.55%) $-6.82</p>
<div class="lb-trans"><p>(-3.55%) $-6.82</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$185.00</p>
<div class="lb-trans"><p>$185.00</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$2.4T</p>
<div class="lb-trans"><p>$2.4T</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$172.11 - $190.00</p>
<div class="lb-trans"><p>$172.11 - $190.00</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$149.34 - $225.64</p>
<div class="lb-trans"><p>$149.34 - $225.64</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>272.1M</p>
<div class="lb-trans"><p>272.1M</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>314.9M</p>
<div class="lb-trans"><p>314.9M</p>
</div><h2>How SpaceX stacks up against the &#34;Magnificent Seven&#34;</h2>
<div class="lb-trans"><h2>SpaceX 与 “七大奇迹” 的对比</h2>
</div><p>Let's compare and contrast SpaceX with the established &#34;Magnificent Seven&#34; stocks. Amazon, for instance, generated $723 billion in revenue over the last four quarters, while holding on to $90.8 billion in net income. The smallest Magnificent Seven business is SpaceX's corporate cousin, <strong>Tesla</strong>( TSLA +1.18%), with trailing income of $3.9 billion on $98 billion in sales.</p>
<div class="lb-trans"><p>让我们将 SpaceX 与已建立的 “七大奇迹” 股票进行比较。以亚马逊为例，过去四个季度的收入为 7230 亿美元，净收入为 908 亿美元。最小的七大奇迹企业是 SpaceX 的企业表亲，<strong>特斯拉</strong>（TSLA +1.18%），其收入为 39 亿美元，销售额为 980 亿美元。</p>
</div><p>Over the same period, SpaceX posted a net loss of $8.69 billion on top-line revenues of $19.3 billion. These financials account for a full year of SpaceX rocket launches and Starlink operations, plus about two months' worth of the xAI artificial intelligence company that merged into SpaceX at the end of February 2026. The X social media business followed along, having merged with xAI in February 2026.</p>
<div class="lb-trans"><p>在同一时期，SpaceX 的净亏损为 86.9 亿美元，收入为 193 亿美元。这些财务数据涵盖了 SpaceX 火箭发射和 Starlink 运营的整整一年，以及 2026 年 2 月底并入 SpaceX 的 xAI 人工智能公司的大约两个月的运营。X 社交媒体业务也随之合并，已于 2026 年 2 月与 xAI 合并。</p>
</div><p>It's hard to tell exactly what each segment means to SpaceX's overall business, since the company hasn't reported quarterly earnings yet and its S-1 filing was light on segment-specific financials. Moreover, the fundamental rocketry operations are lumpy and unpredictable so far.</p>
<div class="lb-trans"><p>很难确切判断每个业务板块对 SpaceX 整体业务的影响，因为该公司尚未报告季度收益，其 S-1 文件在特定业务财务数据方面也较为薄弱。此外，基础的火箭业务目前仍然波动且不可预测。</p>
</div><p>However, the xAI merger one month into Q1 2026 appears to have added more expenses than revenues. Building data centers isn't cheap, and running AI operations in them is even more costly.</p>
<div class="lb-trans"><p>然而，2026 年第一季度初的 xAI 合并似乎增加了更多的支出而非收入。建设数据中心并不便宜，在其中运营人工智能业务的成本更高。</p>
</div><h2>SpaceX makes Nvidia look cheap</h2>
<div class="lb-trans"><h2>SpaceX 让 Nvidia 显得便宜</h2>
</div><p>Most stock data services don't yet have any price-to-earnings (P/E) or price-to-sales (P/S) valuation ratios for SpaceX, and profit-based metrics don't make sense while the company is burning cash by the billions. But the stock is trading at an orbital P/S ratio of 125x trailing revenue today. That may be thematically appropriate for a rocket-based company, but it's also six times as expensive as <strong>Nvidia</strong>( NVDA +3.08%), the next-costliest Magnificent Seven stock at 20x trailing sales.</p>
<div class="lb-trans"><p>大多数股票数据服务尚未为 SpaceX 提供任何市盈率（P/E）或市销率（P/S）估值比率，而在公司以数十亿美元的速度烧钱时，基于利润的指标并没有意义。但该股票目前的市销率为 125 倍的历史收入。这对于一家火箭公司来说可能在主题上是合适的，但它的价格是 <strong>Nvidia</strong>（NVDA +3.08%）的六倍，后者是七大奇迹中第二昂贵的股票，市销率为 20 倍。</p>
</div><p>So SpaceX just elbowed past Amazon for a few glorious hours before reality reasserted itself. The stock's lofty valuation makes Nvidia look downright frugal. Elon Musk has merged rockets, chatbots, and a social media platform into one publicly traded entity. Whether that's brilliant vertical integration or a corporate turducken of epic proportions remains to be seen.</p>
<div class="lb-trans"><p>因此，SpaceX 在短短几个辉煌小时内超越了亚马逊，随后现实重新回归。该股票的高估值使得 Nvidia 显得相对节俭。埃隆·马斯克将火箭、聊天机器人和社交媒体平台合并为一个上市实体。这究竟是聪明的纵向整合，还是史诗般的企业 “火鸡夹” 仍有待观察。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzUwNDUvc3BjeC1hbXpuLWxvZ29zLnBuZyZ3PTM4NDA" alt="White Amazon and SpaceX logos side by side." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F875045%2Fspcx-amzn-logos.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>Rockets, chatbots, and tweets under one roof (and I'm staying out)</h2>
<div class="lb-trans"><h2>火箭、聊天机器人和推文在一个屋檐下（我选择观望）</h2>
</div><p>The trillion-dollar club sure got a lot more interesting, adding a conglomerate of rocketry, social media, satellite-based internet, and AI businesses. The SpaceX headlines will write themselves for years to come.</p>
<div class="lb-trans"><p>万亿俱乐部变得更加有趣，增加了一个涵盖火箭、社交媒体、卫星互联网和人工智能业务的综合体。SpaceX 的头条新闻将在未来几年内自我书写。</p>
</div><p>But I don't mind watching the struggle from Wall Street's sidelines. I expect the red-hot stock to cool down considerably over the next couple of years.</p>
<div class="lb-trans"><p>但我不介意在华尔街的边缘观看这场斗争。我预计这只火热的股票在未来几年将会 大幅降温。</p>
</div>

SpaceX Surpassed Amazon in Market Cap This Week. What's Next for the Red-Hot Space Stock?

- SpaceX 在 6 月 16 日上涨至 225.29 美元，短暂市值达 2.97 万亿美元。  
- 目前，亚马逊市值为 2.62 万亿美元，超过了 SpaceX 的 2.36 万亿美元。  
- SpaceX 首次公开募股后的表现引起关注，但财务状况仍不明朗。

Motley Fool

SpaceX

Defiance Daily Target 2X Short SPCX ETF

Graniteshares YieldBOOST AMZN ETF

2 倍做多 MAG7 指数 ETF - Roundhill

亚马逊每日 2 倍做多 ETF - Direxion

Direxion Daily SpaceX Bull 2X ETF

Tradr 2X Short AMZN Daily ETF

Roundhill AMZN WeeklyPay ETF

亚马逊每日 1 倍做空 ETF - Direxion

Yieldmax Amzn Option Income ETF

Kurv Yield Premium Strategy Amazon AMZN ETF

GraniteShares 2x Long AMZN Daily ETF

2 倍做多SpaceX ETF

2倍做多SpaceX ETF - ProShares

2倍做多SpaceX ETF - GraniteShares

2倍做空SpaceX ETF - GraniteShares 

2倍做空SpaceX ETF - Leverage Shares

2倍做多SpaceX ETF - Defiance

特斯拉

英伟达

NVIDIA Corporation

SpaceX 本周市值超越亚马逊。对于这只炙手可热的太空股票，接下来会发生什么？