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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
$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)
confidentially / secretly
mìmì
秘密
to / toward
xiàng
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
$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
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)
confidentially / in secret
mìmì
秘密
to / toward
xiàng
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
target / goal
mùbiāo
目标
valuation
gūzhí
估值
to be / is (equal to)
wéi
$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
$75 billion USD
750 yì měiyuán
750亿美元
this
zhè
will (future marker)
jiāng
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
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
$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
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)
all-stock (transaction)
quán gǔpiào
全股票
method / manner
fāngshì
方式
to acquire / to take over
shōugòu
收购
completion particle
le
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
$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
the year 2026
2026 nián
2026年
June
6 yuè
6月
end of / late (month)
or
huò
July
7 yuè
7月
beginning of / early (month)
chū

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.

More in Business

United States and Iran
Měi Yī
美伊
ceasefire
tínɡhuǒ
停火
news / information
xiāoxi
消息
to come in / to arrive (news)
chuánlái
传来
international
ɡuójì
国际
oil price
yóujià
油价
May
5 yuè
5月
to drop sharply / to fall significantly
dàdiē
大跌
17 percent
17%
17%

International Oil Prices Fall 17 Percent in May on US-Iran Ceasefire Reports

Snowflake (cloud data company)
Snowflake
Snowflake
quarterly / fiscal quarter
jìdù
季度
revenue / earnings
yínɡshōu
营收
to exceed / to surpass
chāochū
超出
expectations / forecast
yùqī
预期
and / also
bìng
with
Amazon
Yàmǎxùn
亚马逊
to sign / to conclude
qiānshǔ
签署
$6 billion
60 yì měiyuán
60亿美元
agreement / deal
xiéyì
协议

Snowflake Quarterly Revenue Beats Forecasts and Signs $6 Billion Amazon Deal

China
Zhōngguó
中国
April
sì yuè
四月
industrial / industry
gōngyè
工业
profit
lìrùn
利润
to grow / growth
zēngzhǎng
增长
24.7 percent
24.7%
24.7%

China Industrial Profits Surge 24.7 Percent in April, Fastest Gain in Over Two Years

Meta (company name, formerly Facebook)
Meta
Meta
to lay off employees / layoffs
cáiyuán
裁员
8,000 people
bā qiān rén
八千人
to accelerate / to speed up
jiāsù
加速
toward / to
xiàng
artificial intelligence
réngōng zhìnéng
人工智能
business / operations
yèwù
业务
to transform / transformation
zhuǎnxíng
转型

Meta Cuts 8,000 Jobs in Sweeping Restructuring Toward AI