英文Gary Black发布 2026/07/12 14:51· 入库 2026/7/13 00:00:40· Gary Black (@garyblack00)
史上最大IPO或成最大退出流动性操作：SpaceX估值超90倍营收
原标题：[RT @gnoble79] The largest IPO in history is also shaping up to be the largest e…
精华摘要
据Gary Black转引，SpaceX即将进行史上最大规模IPO，估值超过90倍营收，峰值曾接近140倍。该公司去年亏损近50亿美元，从未盈利。内部人士以极低成本购入股份，计划在IPO后向散户抛售。
该分析暗示，SpaceX IPO可能成为散户投资者的流动性陷阱，高估值与亏损基本面形成反差。对EV行业而言，若SpaceX成功上市，可能分流市场资金，但更直接的影响是警示投资者警惕高估值科技公司IPO风险，包括部分EV初创企业。
原文摘要
[RT @gnoble79] The largest IPO in history is also shaping up to be the largest exit liquidity operation in history SpaceX went public at more than 90x revenue, and the insiders who bought in at a fraction of today's price are about to start selling their shares to you. Let me walk you through why this IPO is built to separate retail investors from their money: SpaceX has NEVER turned a profit and lost close to $5 billion last year. At the offering you were paying more than 90x revenue and at the peak the market briefly valued it near 140x. 30 years ago the head of Sun Microsystems explain