#SpaceX认购规模超2500亿美元

I have been researching SpaceX's fundamentals recently; let me share why I am optimistic about this subscription.

SpaceX is no longer just a rocket company. According to financial reports, by 2025, revenue will reach $18.67 billion, a 33% year-over-year increase. Starlink has already gained over 10 million users and is the company's core cash cow. At the same time, SpaceX has completed the merger with xAI Holdings and officially made AI a core business segment. The three business areas—"Starlink + Starship + Space AI"—form a highly imaginative growth curve.

From the capital market perspective, SpaceX plans to list on NASDAQ with a fixed offering price of $135 per share, aiming to raise about $75 billion, corresponding to a valuation of approximately $1.8 trillion. More importantly, this IPO reserves up to 30% of the circulating shares for retail investors, which is more than three times the typical allotment for retail investors in mega-cap IPOs.

Of course, there are risks—by 2025, the company is expected to have a net loss of $4.94 billion, and the valuation is considered high. Morningstar analysts have estimated the fair value at only $780 billion. But overall, SpaceX's dual narrative of "aerospace + AI" gives it far more imagination potential than traditional companies.

My strategy is to start with a small $100 test investment, then observe the price trend after listing and increase my position accordingly. What do you all think? Let’s discuss in the comments!