SpaceX推进史上最大规模IPO

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🤔️小作业： 1. According to the passage, which of the following is TRUE about the I.P.O. price set by SpaceX? A. It was adjusted based on investor demand. B. It was higher than the company's February valuation. C. It was declared without a preliminary price range. D. It was finalized after consultation with the Nasdaq.

无注释原文： SpaceX Sets Price for the World's Largest I.P.O.
From: The New York Times
SpaceX, Elon Musk's rocket maker and artificial intelligence company, set a price for its initial public offering on Wednesday of $135, which would value it at $1.77 trillion and crown it the largest I.P.O. ever.
At that price, SpaceX would raise $74.4 billion from the offering, and its valuation would be more than 40 percent higher than the $1.25 trillion that it valued itself at in February. The current I.P.O. record is held by Saudi Aramco, Saudi Arabia's state-owned oil company, which was valued at $1.7 trillion and raised more than $29 billion when it went public in 2019.
Most companies that go public set a preliminary price range for their stock offering before settling on a final number in case investor demand for their shares changes. But Mr. Musk and SpaceX sidestepped that and simply declared one price for investors. SpaceX could still change that price but is not expected to do so. It is likely to begin trading on the Nasdaq next week under the ticker symbol SPCX.
At $74.4 billion raised, SpaceX's I.P.O. would be just about “more than every U.S. I.P.O. combined in the last two years,” said Matthew Kennedy, a senior I.P.O. market strategist at Renaissance Capital.
A SpaceX spokesman did not respond to a request for comment.
SpaceX's I.P.O. is a bellwether for other expected offerings that are set to be enormous, including from OpenAI and Anthropic, the artificial intelligence companies. Anthropic confidentially filed to go public on Monday, and OpenAI is expected to file in the coming weeks. Both start-ups have valuations approaching $1 trillion. The three offerings could unleash an avalanche of wealth across Silicon Valley and Wall Street, creating new corporate titans in the process.
Among the biggest winners would be Mr. Musk, 54, who is already the world's richest man. At $135 a share, the roughly 50 percent stake in SpaceX that he controls would be worth just over $752 billion. (Mr. Musk cannot sell some of the SpaceX shares he controls until the company hits various operational milestones, according to the firm's filings.)
A large increase in the company's share price in its first days of trading could turn Mr. Musk into the world's first trillionaire.
Mr. Musk, who founded SpaceX in 2002, has remade the space race with partly reusable rockets and transformed communication with the company's satellite internet service, Starlink. In February, SpaceX bought his A.I. company, xAI, which owned his social media platform, X, creating a conglomerate of the tech billionaire's various interests. Mr. Musk separately runs the electric carmaker Tesla, as well as other companies.
- ◆ - 注：完整题目见本文开头；中文文本为纽约时报官方译文，仅供参考 含注释全文：
SpaceX Sets Price for the World's Largest I.P.O.
From: The New York Times
SpaceX, Elon Musk's rocket maker and artificial intelligence company, set a price for its initial public offering on Wednesday of $135, which would value it at $1.77 trillion and crown it the largest I.P.O. ever.
埃隆·马斯克的火箭制造与人工智能公司——美国太空探索技术公司(SpaceX)周三将其首次公开募股的价格定为每股135美元，这意味着公司估值将达到1.77万亿美元，成为有史以来规模最大的IPO。

initial public offering
首次公开募股（Initial Public Offering, IPO）是指一家企业第一次将它的股份向公众出售。一旦首次公开上市完成后，这家公司就可以申请到证券交易所或报价系统挂牌交易。

crown
crown /kraʊn/ 作动词，1）表示“为…加冕”，英文解释为“to put a crown on the head of a new king or queen as a sign of royal power”举个🌰：Queen Elizabeth was crowned in 1952. 伊丽莎白女王于1952年加冕。
2）表示“（尤指通过增添成就、成功等）使圆满，使完美”，英文解释为“to make sth complete or perfect, especially by adding an achievement, a success, etc.”举个🌰：The award of the Nobel Prize has crowned a glorious career in physics. 荣获诺贝尔奖使其物理学研究的辉煌事业达到了顶点。
作名词，表示“王冠，皇冠；冕”，英文解释为“a circular decoration for the head, usually made of gold and jewels (= precious stones), and worn by a king or queen at official ceremonies”
📍crowning /ˈkraʊ.nɪŋ/ 表示“（事件，成就）最伟大的，最重要的”，英文解释为“A crowning event or achievement is the best or most important one.”如：the crowning achievement of her long career 她漫长职业生涯的最高成就。

At that price, SpaceX would raise $74.4 billion from the offering, and its valuation would be more than 40 percent higher than the $1.25 trillion that it valued itself at in February. The current I.P.O. record is held by Saudi Aramco, Saudi Arabia's state-owned oil company, which was valued at $1.7 trillion and raised more than $29 billion when it went public in 2019.
按此价格，SpaceX将通过此次发行筹集744亿美元，估值将比2月份该公司自己估值的1.25万亿美元高出40%以上。目前的IPO纪录由沙特阿拉伯国家石油公司沙特阿美保持，该公司在2019年上市时估值为1.7万亿美元，募资逾290亿美元。

go public
1) 表示“公开，公之于众”，英文解释为“to tell everyone about something that was secret”举个🌰：The planners are almost ready to go public on the road-building scheme. 规划者们差不多准备好公布筑路方案了。
2) 表示“（公司）公开发售股票，上市”，英文解释为“to become a public company”举个🌰：The company went public in 2026. 这家公司于2026年上市。
🎬电影《美国队长3：内战》（Captain America: Civil War）中的台词提到：Tips have been pouring in since that footage went public. 录像公布后收到了很多线报。

🎬电影《心理游戏》（The Game）中的台词提到：CRS won't go public. They're family owned. 「消服会」不上市，它是家族企业。

Most companies that go public set a preliminary price range for their stock offering before settling on a final number in case investor demand for their shares changes. But Mr. Musk and SpaceX sidestepped that and simply declared one price for investors. SpaceX could still change that price but is not expected to do so. It is likely to begin trading on the Nasdaq next week under the ticker symbol SPCX.
多数公司上市前会先设定初步定价区间，以便视投资者认购意愿调整最终发行价。但马斯克与SpaceX跳过了这一步，直接向投资者公布了一个价格。SpaceX仍可调整此价格，但预计不会这样做。该公司可能于下周在纳斯达克挂牌交易，股票代码为SPCX。

preliminary
preliminary /prɪˈlɪm.ɪ.nər.i/ 表示“预备性的；初步的；开始的”，英文解释为“happening before a more important action or event”如：preliminary results / findings / enquiries 初步结果 / 发现 / 调查，举个🌰：After a few preliminary remarks he announced the winners. 说了几句开场白之后，他即宣布优胜者名单。

sidestep
sidestep /ˈsaɪd.step/ 1）表示“横跨一步躲开；侧步避让”，英文解释为“to step to the side in order to avoid something, especially being hit”举个🌰：He sidestepped the blow/the tackle. 他侧步避开了攻击/阻截。
2）表示“（尤指通过开始谈论别的事情）回避（某个话题）”，英文解释为“to avoid talking about a subject, especially by starting to talk about something else”举个🌰：The speaker sidestepped the question by saying that it would take him too long to answer it. 演讲者借口说回答要很长时间而回避了这个问题。

ticker symbol
ticker symbol（通常译为股票代码或交易代码）是指一组独特的字母、数字或两者的组合，用来在证券交易所唯一地标识一家上市公司的股票（或其他金融工具，如ETF、期权、权证等）。

At $74.4 billion raised, SpaceX's I.P.O. would be just about “more than every U.S. I.P.O. combined in the last two years,” said Matthew Kennedy, a senior I.P.O. market strategist at Renaissance Capital.
文艺复兴资本的IPO市场策略师马修·肯尼迪表示，按募集资金744亿美元计算，SpaceX的IPO规模“几乎超过了过去两年美国所有IPO总和”。
A SpaceX spokesman did not respond to a request for comment.
SpaceX的发言人未回应置评请求。
SpaceX's I.P.O. is a bellwether for other expected offerings that are set to be enormous, including from OpenAI and Anthropic, the artificial intelligence companies. Anthropic confidentially filed to go public on Monday, and OpenAI is expected to file in the coming weeks. Both start-ups have valuations approaching $1 trillion. The three offerings could unleash an avalanche of wealth across Silicon Valley and Wall Street, creating new corporate titans in the process.
SpaceX的IPO是一系列预期规模同样巨大的上市项目的风向标，其中包括人工智能公司OpenAI和Anthropic。Anthropic已于周一秘密提交了上市申请，OpenAI预计将在未来数周内提交。这两家初创公司的估值均接近1万亿美元。这三宗上市交易可能会在硅谷和华尔街开启财富的闸门，并在此过程中造就新的企业巨头。

bellwether
bellwether /ˈbelˌweð.ər/ 表示“前导；领头者”，英文解释为“a particular event, result, etc. that usually shows how a more general situation will develop or change”举个🌰：The report is viewed as a bellwether for economic trends. 这份报告被视为经济走势的风向标。

start-up
startup / start-up /ˈstɑːt.ʌp/ 表示“刚起步的小企业，新兴小型企业；初创公司”，英文解释为“a small business that has just been started”如：start-up costs 创业成本，举个🌰：Start-ups are very vulnerable in the business world. 商界中刚起步的小企业非常脆弱。

unleash
unleash /ʌnˈliːʃ/ 表示“突然释放；使爆发”，英文解释为“to suddenly release a violent force that cannot be controlled”举个🌰：At worst, nuclear war could be unleashed. 最坏的情况是，可能会爆发核战争。

avalanche
avalanche /ˈævəˌlɑːntʃ/ 1）表示“雪崩，山崩”，英文解释为“a large mass of snow, ice, and rocks that falls down the side of a mountain”
2）表示“大量；突然到来的一大批”，英文解释为“too many things that arrive or happen at the same time”举个🌰：We were swamped by an avalanche of letters/phone calls/complaints. 大批的来信/电话/投诉让我们疲于应付。We received an avalanche of letters in reply to our advertisement. 我们在登出广告后收到了雪片般飞来的大批答复信件。

titan
titan /ˈtaɪ.tən/表示“巨人；巨头；泰斗”，英文解释为“If you describe someone as a titan of a particular field, you mean that they are very important and powerful or successful in that field.”如：an intellectual titan 学界泰斗。

Among the biggest winners would be Mr. Musk, 54, who is already the world's richest man. At $135 a share, the roughly 50 percent stake in SpaceX that he controls would be worth just over $752 billion. (Mr. Musk cannot sell some of the SpaceX shares he controls until the company hits various operational milestones , according to the firm's filings.)
其中最大的赢家将是54岁的马斯克，他目前已经是世界首富。按每股135美元计算，他控制的SpaceX约50%的股份价值将略超7520亿美元。（根据公司文件，在SpaceX达到若干运营目标之前，马斯克无法出售所持部分股份。）

stake
stake /steɪk/ 1）表示“股本，股份”，英文解释为“a share or a financial involvement in something such as a business”举个🌰：He holds (= owns) a 55 percent stake in/of the company. 他拥有公司55%的股份。
2）表示“赌注，赌金”，英文解释为“the amount of money that you risk on the result of something such as a game or competition”
3）stakes 复数，表示“（活动或比赛的）奖金，奖品，回报”，英文解释为“In an activity or competition, the stakes are the reward for the person who wins or succeeds in it.”举个🌰：The team is playing for enormous stakes - the chance to play in the final. 这支球队正在为无上的回报，即进入决赛，而拼命一搏。
补充： 📍have a stake in sth表示“对…有强烈的兴趣；与…有利害关系；重大利益”，英文解释为“If you have a stake in something, it is important to you because you have a personal interest or involvement in it.”举个🌰：Employers have a stake in the training of their staff. 雇主很重视员工培训。
📍at stake表示“有风险；处于危急关头”，英文解释为“If something that is valuable is at stake, it is in a situation where it might be lost.”

milestone
milestone /ˈmaɪl.stəʊn/ 表示“里程碑；重大事件；转折点”，英文解释为“an important event in the development or history of something or in someone's life”举个🌰：He felt that moving out of his parents' home was a real milestone in his life. 他感到搬出父母家是他一生中一个真正的转折点。

A large increase in the company's share price in its first days of trading could turn Mr. Musk into the world's first trillionaire.
如果该公司股票在上市交易的头几天大幅上涨，马斯克可能会成为全球首位万亿美元富翁。
Mr. Musk, who founded SpaceX in 2002, has remade the space race with partly reusable rockets and transformed communication with the company's satellite internet service, Starlink. In February, SpaceX bought his A.I. company, xAI, which owned his social media platform, X, creating a conglomerate of the tech billionaire's various interests. Mr. Musk separately runs the electric carmaker Tesla, as well as other companies.
马斯克于2002年创立了SpaceX，凭借可部分重复使用的火箭重塑了太空竞赛格局，并通过公司的卫星互联网服务“星链”改变了通信方式。今年2月，SpaceX收购了他的人工智能公司xAI，后者同时持有他的社交媒体平台X，从而将这位科技亿万富翁的各种兴趣整合成了一个企业集团。马斯克还分别经营着电动汽车制造商特斯拉以及其他公司。

conglomerate
conglomerate /kənˈɡlɒm.ər.ət/ 表示“联合大企业，企业集团”，英文解释为“a company that owns several smaller businesses whose products or services are usually very different”如：a financial/industrial conglomerate 金融/工业企业集团。
📍词根“-glomer-”来自拉丁语“glomerare”，表示“聚集”。近义词：corporation（公司），常用短语：global conglomerate（全球企业集团）
类似的还有： 📍giant表示“巨头，大公司”，英文解释为“Giant is often used to refer to any large, successful business organization or country.”如：Japanese electronics giant, Sony 日本的电子业巨头——索尼公司。
📍mogul /ˈməʊɡəl/表示“（尤指新闻、影视界的）大人物；大亨”，英文解释为“A mogul is an important, rich, and powerful businessman, especially one in the news, film, or television industry.”如：an international media mogul一位国际传媒大亨。
📍magnate /ˈmæɡneɪt, -nɪt/ 表示“大亨，巨头”，英文解释为“a rich and powerful person in industry or business”
📍tycoon /taɪˈkuːn/ 表示“巨头，大亨（工商界）”，英文解释为“someone who is successful in business or industry and has a lot of money and power”如：property tycoon 房地产大亨。
📍behemoth /ˈbiːhɪmɒθ/ 表示“巨头（指规模庞大、实力雄厚的公司或机构）”，英文解释为“a very big and powerful company or organization”
📍titan表示“巨人；巨头”，英文解释为“If you describe someone as a titan of a particular field, you mean that they are very important and powerful or successful in that field.”
- 词汇盘点 - initial public offering、 crown、 go public、 preliminary、 sidestep、 ticker symbol、 bellwether、 start-up、 unleash、 avalanche、 titan、 stake、 milestone、 conglomerate
- 词汇助记 By AI - A start-up's initial public offering became a bellwether. On its preliminary day, they sidestepped the usual ticker symbol to unleash an avalanche of demand. The conglomerate titan bought a stake, helping them go public and crown this milestone. As the crown was placed, the titan smiled. - 推荐阅读 - 日更11年了， 也许只有我自己会看完这60000字
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