（有片）經湋論｜What we can learn from SpaceX IPO? How does it affect global capital market and lessons for investors

香港文匯報訊 全球金融市場正在見證現代資本市場史上規模最大的一次首次公開募股（IPO）。埃隆·馬斯克旗下的SpaceX已正式將IPO發行價定為每股135美元，募資總額高達750億美元，公司估值約為1.77兆美元。作為參照，這一規模是此前紀錄保持者——沙特阿美2019年294億美元上市募資額的兩倍多。

然而，在這項創紀錄的融資金額背後，隱藏更重大的意義。這並非一次普通的IPO。它代表了塑造21世紀的三大強勁力量的交匯：技術霸權、地緣政治競爭，以及散戶投資者前所未有的影響力。今天，讓我們一起來分析，為什麼SpaceX的上市可能成為全球資本市場的一個決定性時刻。

Global financial markets are witnessing what may become the most significant IPO in modern capital market history. Elon Musk's SpaceX has officially priced its initial public offering at US$135 per share, raising an astonishing US$75 billion and valuing the company at approximately US$1.77 trillion. To put this into perspective, the IPO is more than double the size of the previous record-holder, Saudi Aramco's US$29.4 billion listing in 2019.

But beyond the record-breaking fundraising numbers lies a much bigger story. This is not just another IPO. It represents the convergence of three powerful forces shaping the 21st century: technological supremacy, geopolitical competition, and the unprecedented influence of retail investors. Today, let's examine why SpaceX's listing may become a defining moment for global capital markets.