SpaceX Prepares for Record-Breaking Public Offering

SpaceX 準備進行打破紀錄的公開募股

Jun 5, 2026, 22:33
AustraliaFinance

Introduction

SpaceX is planning to start trading on the Nasdaq stock exchange under the ticker 'SPCX' on June 12. The company aims to raise $75 billion by selling 555.6 million shares at a fixed price of $135 per share.

SpaceX 計劃於 6 月 12 日在納斯達克股票交易所上市，股票代碼為 "SPCX"。公司目標是透過以每股 135 美元的固定價格出售 5.556 億股，籌集 750 億美元。

Main Body

This offering would give the company a total market value of about $1.77 trillion, making it one of the ten largest public companies in the world. Consequently, CEO Elon Musk could become the first trillionaire because he controls 82.4% of the voting power. There is strong interest from professional investors, and the offering is already oversubscribed. Furthermore, SpaceX is making it easier for regular people to invest by allocating 30% of the shares to retail investors and lowering account requirements through Fidelity.

這次募股將使公司總市值達到約 1.77 兆美元，使其成為全球十大上市公司之一。因此，執行長 Elon Musk 可能會成為首位兆萬富翁，因為他掌握 82.4% 的投票權。專業投資者反應熱烈，此次募股已被超額認購。此外，SpaceX 透過將 30% 的股份分配給散戶投資者，並透過 Fidelity 降低開戶要求，讓一般大眾更容易投資。

Financial experts have different views on the company's future AI revenue. For example, Morgan Stanley predicts AI earnings of $190 billion by 2030, while Goldman Sachs expects $322 billion. However, these positive forecasts contrast with the company's recent financial results, as SpaceX reported a net loss of $4.94 billion in 2025. Additionally, official filings show complex business links, including nearly $20 billion in lease agreements with companies connected to early investor Antonio Gracias.

金融專家對公司未來 AI 收入的看法不一。例如，摩根士丹利預測到 2030 年 AI 收益將達 1,900 億美元，而高盛則預期為 3,220 億美元。然而，這些正面預測與公司近期的財務結果形成對比，因為 SpaceX 報告 2025 年淨虧損 49.4 億美元。此外，官方文件顯示其業務關聯複雜，包括與早期投資者 Antonio Gracias 相關公司簽訂了近 200 億美元的租賃協議。

At the same time, other markets are seeing a trend toward AI and energy. In Australia, DXN Limited saw its share price jump 1,000% after winning a data center contract, and Energy World Company Ltd grew by 139% after selling turbines. Similarly, in the defense sector, KTEK Aerosystems has started producing drone parts again because the US military plans to spend $75 billion on drone warfare by 2027.

與此同時，其他市場也出現向 AI 與能源發展的趨勢。在澳洲，DXN Limited 在贏得數據中心合約後，股價飆升 1,000%；Energy World Company Ltd 在出售渦輪機後增長了 139%。同樣地，在國防領域，由於美國軍方計劃在 2027 年前在無人機戰爭上花費 750 億美元，KTEK Aerosystems 已重新開始生產無人機零件。

Conclusion

The SpaceX IPO is a major event for global markets. Its success will depend on the continued growth of AI and whether the world can overcome economic problems like inflation and high energy costs.

SpaceX IPO 是全球市場的一件大事。其成功將取決於 AI 是否能持續增長，以及世界能否克服如通貨膨脹與高能源成本等經濟問題。

Vocabulary Learning

⚡ The 'Logic Bridge': Moving from Simple to Complex Sentences

An A2 student says: "SpaceX is big. Elon Musk is rich."

A B2 student says: "SpaceX is massive; consequently, Elon Musk could become the first trillionaire."

To reach B2, you must stop using only 'and', 'but', and 'because'. You need Connectors of Logic. These are words that act like glue, showing the relationship between two ideas.

🛠 The 'Power-Up' Vocabulary

From the text, we can extract three types of logical bridges:

  1. The Result Bridge →\rightarrow Consequently Use this instead of 'so'. It signals that the second fact is a direct result of the first. Example: The offering is oversubscribed; consequently, demand is very high.

  2. The Addition Bridge →\rightarrow Furthermore / Additionally Use these instead of 'also'. They make your writing sound professional and organized. Example: SpaceX is lowering requirements; furthermore, they are helping retail investors.

  3. The Contrast Bridge →\rightarrow However Use this instead of 'but'. Place it at the start of a new sentence to create a strong pivot in your argument. Example: Forecasts are positive. However, the company reported a net loss.

💡 Pro-Tip: The B2 Sentence Formula

[Fact A] + [Logical Connector] + [Fact B]

Instead of writing three short sentences, try to merge them using the logic from the article:

  • A2 Style: The US military wants drones. KTEK makes parts. KTEK is producing again.
  • B2 Style: The US military plans to spend billions on drone warfare; similarly, KTEK Aerosystems has started producing drone parts again to meet this demand.

Challenge for your next text: Replace every 'and' or 'but' with a a connector from the list above!

Vocabulary Learning

consequently (adv.)
As a result of something that has already happened.
Example:The company failed to innovate; consequently, it lost its market share to competitors.
oversubscribed (adj.)
When there are more people wanting to buy shares or a service than there are shares or spaces available.
Example:The initial public offering was oversubscribed, with investors bidding for twice as many shares as were available.
allocating (v.)
Giving a particular amount of money, time, or resources to a specific purpose or person.
Example:The government is allocating more funds to improve public healthcare.
forecasts (n.)
Predictions about what will happen in the future, especially regarding financial or weather trends.
Example:Economic forecasts suggest that inflation will decrease by the end of the year.
contrast (v.)
To be very different from something else, especially when compared side by side.
Example:The luxury of the hotel contrasts sharply with the poverty of the surrounding neighborhood.
filings (n.)
Official documents submitted to a government agency or regulatory body.
Example:The SEC reviewed the company's financial filings to ensure all disclosures were accurate.
Practice B2 words in a crossword→