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commerce
shāng yè
商业
·HSK 3

SpaceX (rocket and space company)
SpaceX
SpaceX
to apply for / to file for
shēnqǐng
申请
to go public / stock market listing
shàngshì
上市
，
valuation / estimated value
gūzhí
估值
to reach / to amount to
dá
达
$1.75 trillion USD
1.75 wànyì měiyuán
1.75万亿美元
。

SpaceX (rocket and space company)
SpaceX
SpaceX
already / has (completed action marker)
yǐ
已
confidentially / secretly
mìmì
秘密
to / toward
xiàng
向
the United States
Měiguó
美国
Securities and Exchange Commission (SEC)
Zhèngquàn Jiāoyì Wěiyuánhuì
证券交易委员会
to submit / to file
tíjiāo
提交
IPO / stock market listing
shàngshì
上市
application / filing
shēnqǐng
申请
，
target / goal
mùbiāo
目标
valuation
gūzhí
估值
to be / is (equal to)
wéi
为
$1.75 trillion USD
1.75 wànyì měiyuán
1.75万亿美元
，
likely to / expected to
yǒuwàng
有望
to become
chéngwéi
成为
in history / historically
lìshǐ shàng
历史上
scale / size
guīmó
规模
largest / greatest
zuìdà
最大
possessive / structural particle
de
的
initial public offering (IPO)
shǒucì gōngkāi mùgǔ
首次公开募股
。

May 14, 2026 at 8:00 AM

SpaceX (rocket and space company)
SpaceX
SpaceX
already / has (completed action marker)
yǐ
已
confidentially / in secret
mìmì
秘密
to / toward
xiàng
向
the United States
Měiguó
美国
Securities and Exchange Commission (SEC)
Zhèngquàn Jiāoyì Wěiyuánhuì
证券交易委员会
to submit / to file
tíjiāo
提交
draft prospectus / S-1 filing
zhāogǔ shuōmíngshū
招股说明书
。
company / corporation
gōngsī
公司
possessive / structural particle
de
的
target / goal
mùbiāo
目标
valuation
gūzhí
估值
to be / is (equal to)
wéi
为
$1.75 trillion USD
1.75 wànyì měiyuán
1.75万亿美元
，
to plan
jìhuà
计划
to raise (funds)
mùjí
募集
approximately / about
yuē
约
$75 billion USD
750 yì měiyuán
750亿美元
。
this
zhè
这
will (future marker)
jiāng
将
to become
chéngwéi
成为
in history / historically
lìshǐ shàng
历史上
scale / size
guīmó
规模
largest / greatest
zuìdà
最大
possessive / structural particle
de
的
IPO (initial public offering)
IPO
IPO
，
far exceeding / well beyond
yuǎnchāo
远超
Saudi Aramco (oil company)
Shātè Āměi
沙特阿美
the year 2019
2019 nián
2019年
possessive / structural particle
de
的
$29.4 billion USD
294 yì měiyuán
294亿美元
IPO / listing
shàngshì
上市
fundraising / capital raised
róngzī
融资
record
jìlù
纪录
。
SpaceX
SpaceX
SpaceX
under / subsidiary of
qíxià
旗下
to have / there are
yǒu
有
three major
sān dà
三大
business / operations
yèwù
业务
：
Starlink (satellite internet service)
Xīngliàn
星链
、
rocket
huǒjiàn
火箭
launch
fāshè
发射
as well as / and
yǐjí
以及
artificial intelligence
réngōng zhìnéng
人工智能
division / department
bùmén
部门
。
this year
jīnnián
今年
February
2 yuè
2月
，
SpaceX
SpaceX
SpaceX
using / through (all-stock deal)
yǐ
以
all-stock (transaction)
quán gǔpiào
全股票
method / manner
fāngshì
方式
to acquire / to take over
shōugòu
收购
completion particle
le
了
xAI (Elon Musk AI company)
xAI
xAI
，
the latter / the second mentioned
hòuzhě
后者
valuation
gūzhí
估值
to be / is (equal to)
wéi
为
$250 billion USD
2500 yì měiyuán
2500亿美元
。
currently / at present
mùqián
目前
expected to / estimated
yùjì
预计
to go public / to list
shàngshì
上市
time / date
shíjiān
时间
to be / is
wéi
为
the year 2026
2026 nián
2026年
June
6 yuè
6月
end of / late (month)
dǐ
底
or
huò
或
July
7 yuè
7月
beginning of / early (month)
chū
初
。

New Words

SpaceX
SpaceX
SpaceX
mìmì
秘密
confidentially
zhāogǔ shuōmíngshū
招股说明书
prospectus
gūzhí
估值
valuation
mùjí
募集
to raise funds
guīmó
规模
scale
róngzī
融资
fundraising
Xīngliàn
星链
Starlink
shōugòu
收购
acquisition
shàngshì
上市
IPO/listing

News in English

Business

SpaceX Files for IPO at $1.75 Trillion Valuation

SpaceX has confidentially filed an IPO application with the SEC at a target valuation of $1.75 trillion, which would make it the largest IPO in history.

SpaceX has confidentially submitted a draft prospectus to the U.S. Securities and Exchange Commission.

The company's target valuation is $1.75 trillion, with plans to raise approximately $75 billion.

This will become the largest IPO in history, far exceeding Saudi Aramco's $29.4 billion fundraising from its 2019 listing.

SpaceX operates three major business divisions: Starlink, rocket launches, and artificial intelligence departments.

In February of this year, SpaceX acquired xAI through an all-stock transaction; the latter has a valuation of $250 billion.

The company's IPO is currently expected to take place by the end of June 2026 or early July.

More in Business

artificial intelligence
réngōng zhìnéng
人工智能
revenue / income
shōurù
收入
prospects / outlook
qiánjǐng
前景
to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
疑问
，
semiconductor
bàndǎotǐ
半导体
stock price
gǔjià
股价
from
cóng
从
October
shí yuè
十月
peak / high point
gāodiǎn
高点
to retreat / to fall back
huíluò
回落
。

AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs

United States
Měiguó
美国
stock market
gǔshì
股市
Friday
zhōuwǔ
周五
strongly / with force
qiángshì
强势
to rebound / to rally
fǎntán
反弹
，
Dow Jones Index
Dào Zhǐ
道指
gained more than
zhǎng chāo
涨超
400 points
400 diǎn
400点
，
to end / to conclude
jiéshù
结束
volatile / turbulent
dòngdàng
动荡
(particle)
de
的
one week
yī zhōu
一周
。

US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points

international
guójì
国际
oil prices
yóujià
油价
to maintain / to sustain
wéichí
维持
high level / elevated level
gāowèi
高位
，
Nasdaq (stock exchange)
Nàsīdákè
纳斯达克
index
zhǐshù
指数
Thursday
zhōusì
周四
to close lower / to finish down
shōu diē
收跌
1.3 percent
bǎifēnzhī yī diǎn sān
1.3%
。

Nasdaq Slides 1.3 Percent as Brent Oil Holds Above 100 Dollars

OPEC
Ōu pèi kè
欧佩克
to announce
xuān bù
宣布
November
shí yī yuè
十一月
oil / petroleum
shí yóu
石油
output / production
chǎn liàng
产量
to maintain / to keep
bǎo chí
保持
unchanged
bù biàn
不变
。

OPEC Announces November Oil Output to Remain Unchanged