SpaceX历史性IPO定价135美元 募资750亿美元并从日本吸金22亿SpaceX Prices Historic IPO at $135 per Share to Raise $75 Billion

根据太空探索技术公司（SpaceX）向美国证券交易委员会（SEC）提交的监管文件，该公司将其首次公开募股（IPO）的发行价定为每股135美元，计划发行5.556亿股股票。此次发行将直接募集750亿美元资金。如果承销商行使超额配售权，额外发行的近8300万股股票可能使总募资规模突破860亿美元。

According to SpaceX's regulatory filing with the Securities and Exchange Commission, the company priced its initial public offering at $135 per share, selling 555.6 million shares to raise $75 billion. The total fundraising could exceed $86 billion if options for nearly 83 million additional shares are fully exercised.

在每股135美元的定价下，SpaceX的估值达到1.77万亿美元。这一规模使其超越了沙特阿美公司在2019年创下的294亿美元的IPO募资纪录，正式成为历史上规模最大的首次公开募股。同时，这一估值也使SpaceX超越了其创始人埃隆·马斯克旗下的电动汽车制造商特斯拉，成为美国第七大上市公司。

At the $135 pricing, SpaceX is valued at $1.77 trillion, officially surpassing Saudi Aramco's $29.4 billion debut in 2019 to become the largest IPO in history. This valuation also positions the space transport company as the seventh most-valuable U.S. public company, ranking ahead of founder Elon Musk's electric vehicle maker, Tesla.

根据太空探索技术公司（SpaceX）于周五提交的一份监管文件，在此次创纪录的全球首次公开募股（IPO）中，日本投资者展现出了强烈的投资意愿，为这家由埃隆·马斯克领导的航天巨头贡献了巨额资金。文件显示，SpaceX在此次历史性的募资活动中，已成功从日本投资者手中募集了22亿美元的资金。

According to a regulatory filing submitted by SpaceX on Friday, the aerospace manufacturer successfully raised $2.2 billion from Japanese investors as part of its record-breaking global initial public offering. This substantial overseas capital injection highlights the strong international interest in Elon Musk's space exploration company as it prepares for its historic market debut.

这笔来自日本的22亿美元资金，构成了SpaceX创纪录的750亿美元全球发行总额的重要组成部分。随着该公司正式登陆纳斯达克市场，这笔海外资金的注入不仅凸显了国际资本对SpaceX商业前景的广泛兴趣，也进一步证实了其在全球资本市场中所具有的强大吸引力。

The $2.2 billion secured from Japan represents a significant portion of the total $75 billion global offering. This international participation underscores the widespread global investor demand that has characterized the pricing of this historic transaction, marking a key milestone in the company's efforts to secure diverse funding sources from major global financial markets.

据知情人士透露，由于机构投资者对太空探索技术公司（SpaceX）股票的竞争异常激烈、需求强劲，该公司已决定下调其首次公开募股（IPO）中面向散户投资者的配售比例。SpaceX计划将该发行的20%至23%左右配售给散户买家，其中包括国际个人投资者、在线经纪商以及私人银行客户。这一比例明显低于此前市场普遍预期的约30%。

According to a person familiar with the matter, SpaceX has decided to allocate a smaller-than-expected portion of its blockbuster initial public offering to retail investors due to intense competition and strong demand from institutional buyers. The company plans to direct a percentage in the low 20% range of the offering to retail buyers, which includes international individual investors, online brokerages, and private-bank clients. This allocation is down from earlier expectations that approximately 30% of the deal would be reserved for retail investors.

尽管配售比例有所收窄，但由于IPO的整体规模巨大，该散户配售部分依然将成为美国同等规模IPO历史上最大的散户份额之一。知情人士表示，目前的配售决策已基本敲定，但仍存在变动的可能。机构投资者的强劲需求，反映出市场对这家近年来最受瞩目的IPO项目有着极高的参与热情。

The reduced allocation suggests that institutional demand for the shares has been exceptionally strong as investors compete for access to one of the most highly anticipated public offerings in recent years. Although the allocation decisions are almost finalized and could still change, the retail tranche would still rank among the largest ever for a U.S. IPO of this size, even with the smaller percentage.

根据SpaceX提交的招股书，该公司在2026年第一季度录得净亏损42.8亿美元，而去年全年的净亏损则为49.4亿美元。尽管面临亏损，SpaceX第一季度的营收同比增长15%，达到46.9亿美元，高于去年同期的40.7亿美元。从全年数据来看，该公司去年的营收增长了33%，达到186.7亿美元。在SpaceX的各项业务中，卫星互联网服务Starlink贡献了大部分收入，并且是目前唯一实现盈利的业务部门。

According to SpaceX's prospectus, the company recorded a net loss of $4.28 billion in the first quarter of 2026, following a net loss of $4.94 billion for the full year of 2025. Despite these losses, first-quarter revenue rose 15% to $4.69 billion from $4.07 billion in the prior year's period, building on a 33% revenue jump to $18.67 billion for the entirety of last year. Among its business segments, the Starlink satellite internet service accounts for the bulk of the company's revenue and remains its only profitable unit.

第一季度财务数据的另一个显著特征是资本支出的急剧增加。SpaceX在第一季度的资本支出达到101亿美元，比去年同期翻了一番。在这笔庞大的支出中，绝大部分资金（高达77亿美元）被专门用于人工智能领域，这主要源于今年2月并入SpaceX的xAI业务。其余资金则主要投向了航天和网络连接业务。尽管当前的资金消耗巨大，且营收规模远小于其他万亿美元级的同行，但投资者对SpaceX的押注在很大程度上是对其创始人埃隆·马斯克个人前景的信任。

The financial results also highlight a massive surge in capital expenditures, which more than doubled year-over-year to reach $10.1 billion in the first quarter. The vast majority of these costs, totaling $7.7 billion, were dedicated to artificial intelligence following the merger with xAI in February, while the remaining funds were spent on space and connectivity. While SpaceX continues to burn cash and remains far smaller by revenue than its trillion-dollar peers, market interest reflects a significant wager on founder Elon Musk.

此次历史性的首次公开募股（IPO）不仅重塑了太空探索技术公司（SpaceX）的财务版图，也对该公司创始人埃隆·马斯克的个人财富产生了巨大的推动作用。随着SpaceX在纳斯达克市场以每股135美元的价格正式上市，其估值已达到1.77万亿美元。这一巨大的估值跃升，有望使这位备受瞩目且充满争议的企业家正式成为全球首位万亿富翁。

The historic initial public offering is set to have a massive impact on the personal wealth of SpaceX founder Elon Musk. With the company debuting on the Nasdaq exchange at a fixed price of $135 per share, its valuation of $1.77 trillion places the aerospace manufacturer among the top ten largest companies on Wall Street. This valuation milestone is expected to propel the polarizing entrepreneur to officially become the world's first trillionaire.

除了马斯克本人，SpaceX的成功上市也让众多在早期阶段就对该公司进行押注的投资者获得了丰厚的回报。在这些主要的受益者中，包括了资深选股人罗恩·巴伦、凯茜·伍德旗下的方舟投资（Ark Invest）以及共同基金巨头富达投资（Fidelity Investments）。这些早期支持者在SpaceX发展初期注入了关键资金，如今随着该公司完成历史上规模最大的IPO，他们也将迎来巨大的财富增值。

Beyond Musk, the record-breaking public debut represents a major windfall for early backers who supported the company during its developmental years. Among the primary beneficiaries of this historic listing are veteran stock picker Ron Baron, Cathie Wood's Ark Invest, and mutual fund giant Fidelity Investments. These early investors provided critical funding in SpaceX's early stages and are now positioned to realize substantial gains from the largest IPO in history.