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commerce
shāng yè
商业
·HSK 4

SpaceX (aerospace company)
SpaceX
SpaceX
Nasdaq
Nà sī dá kè
纳斯达克
to list on stock exchange
shàngshì
上市
，
valuation
gūzhí
估值
to reach; reaches
dá
达
$1.75 trillion
1.75 wàn yì měiyuán
1.75万亿美元

space; outer space
tàikōng
太空
exploration; to explore
tànsuǒ
探索
technology; science and technology
kējì
科技
company; corporation
gōngsī
公司
SpaceX
SpaceX
SpaceX
formally; officially
zhèngshì
正式
to land; to debut
děnglù
登陆
Nasdaq
Nà sī dá kè
纳斯达克
，
to become; to serve as
chéngwéi
成为
this year
jīnnián
今年
largest; biggest
zuìdà
最大
initial public offering
IPO
IPO
。
company
gōngsī
公司
valuation
gūzhí
估值
reaches
dá
达
$1.75 trillion
1.75 wàn yì měiyuán
1.75万亿美元
，
Musk (surname transliteration)
Mǎsīkè
马斯克
to retain; to keep
bǎoliú
保留
over; exceeding
chāo
超
82 percent
82%
82%
voting power
tóupiàoquán
投票权
。

June 11, 2026 at 7:12 PM

SpaceX
SpaceX
SpaceX
today
jīnrì
今日
at; in
zài
在
Nasdaq
Nà sī dá kè
纳斯达克
officially
zhèngshì
正式
to list on exchange
shàngshì
上市
，
stock; shares
gǔpiào
股票
code; ticker
dàimǎ
代码
is
wéi
为
SPCX (ticker symbol)
SPCX
SPCX
，
offering price; IPO price
fāxíng jià
发行价
is
wéi
为
$135
135 měiyuán
135美元
。
this is
zhè shì
这是
2026
2026 nián
2026年
largest
zuìdà
最大
scale; scope
guīmó
规模
of; possessive marker
de
的
first time; first
shǒucì
首次
public; public
gōngkāi
公开
public offering
mùgǔ
募股
，
company
gōngsī
公司
valuation
gūzhí
估值
reaches
dá
达
$1.75 trillion
1.75 wàn yì měiyuán
1.75万亿美元
。
chief; leading
shǒuxí
首席
executive officer
zhíxíngguān
执行官
Elon (name)
āilóng
埃隆
·
Musk
Mǎsīkè
马斯克
in; during
zài
在
this; this time
cǐcì
此次
initial public offering
IPO
IPO
in; during
zhōng
中
retains
bǎoliú
保留
exceeds; over
chāoguò
超过
82 percent
82%
82%
of
de
的
voting power
tóupiàoquán
投票权
。
only; merely
jǐnyǒu
仅有
approximately; about
yuē
约
4 percent
4%
4%
of
de
的
total
zǒng
总
shares; stock
gǔfèn
股份
to; toward
xiàng
向
public; general public
gōngzhòng
公众
to sell; to issue
fāshòu
发售
，
is expected to
yùjì
预计
will
jiāng
将
will lead to; cause
dǎozhì
导致
stock price
gǔjià
股价
to appear; to emerge
chūxiàn
出现
significant; marked
xiǎnzhù
显著
fluctuation
bōdòng
波动
。
SpaceX
SpaceX
SpaceX
in
zài
在
space
tàikōng
太空
exploration
tànsuǒ
探索
、
satellite
wèixīng
卫星
internet
hùliánwǎng
互联网
and
hé
和
commercial
shāngyè
商业
rocket
huǒjiàn
火箭
launch
fāshè
发射
field; domain
lǐngyù
领域
holds; occupies
zhànjù
占据
leading; foremost
lǐngxiān
领先
position; status
dìwèi
地位
。
this
cǐcì
此次
listing
shàngshì
上市
will
jiāng
将
to; for
wéi
为
company
gōngsī
公司
possessive
de
的
Moon; lunar
yuèqiú
月球
landing
děnglù
登陆
and
hé
和
Mars
huǒxīng
火星
exploration
tànsuǒ
探索
mission; task
rènwù
任务
to provide
tígōng
提供
sufficient; adequate
chōngzú
充足
capital; funds
zījīn
资金
。

New Words

Nà sī dá kè
纳斯达克
Nasdaq (stock exchange)
shàngshì
上市
to list (stock); public offering
gūzhí
估值
valuation; assessed value
IPO
IPO
initial public offering
tóupiàoquán
投票权
voting right; voting power
tàikōng tànsuǒ
太空探索
space exploration
wèixīng hùliánwǎng
卫星互联网
satellite internet
mùgǔ
募股
fundraising through stock issuance
shǒuxí zhíxíngguān
首席执行官
chief executive officer; CEO
bōdòng
波动
fluctuation; volatility
yuèqiú
月球
Moon; lunar

News in English

Business

SpaceX Nasdaq Debut Values Company at $1.75 Trillion

SpaceX launched on Nasdaq under ticker SPCX at $135 per share, marking 2026 largest IPO. The company is valued at $1.75 trillion, with Elon Musk retaining over 82% voting control.

SpaceX officially debuted on Nasdaq today with ticker symbol SPCX at an IPO price of $135 per share. This represents 2026 largest initial public offering to date, valuing the company at $1.75 trillion.

Chief Executive Officer Elon Musk maintains voting control of over 82% of the company through this offering. Only approximately 4% of total shares were made available to the public, a limitation expected to create significant stock price volatility.

SpaceX holds leading positions in space exploration, satellite internet infrastructure and commercial rocket launch services. The proceeds from this public offering will provide substantial capital for the company expansion into lunar landing missions and eventual Mars exploration initiatives.

More in Business

Momenta
Móméng tǎ
摩蒙塔
Hong Kong
Xiānggǎng
香港
listed
shàngshì
上市
fundraising
róngjī
融资
$752 million
7.52 yì měiyuán
7.52亿美元

Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise

Samsung (South Korean electronics company)
Sānxīng
三星
、
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
yǔ
与
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能
。

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

China
Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资
。

Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale

PepsiCo
Bǎishì Gōngsī
百事公司
earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
，
the United States
Měiguó
美国
stock market
gǔshì
股市
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨
。

PepsiCo Earnings Disappoint as US Stocks Edge Higher