SpaceX股价较峰值回落35%,解禁压力与估值分歧凸显

环球市场播报
Jul 13

尽管以750亿美元募资额缔造了全球最大规模IPO纪录,并迅速被纳入纳斯达克100指数,SpaceX(SPCX)的股价仍未止住上市后的颓势。截至7月9日,该股已从6月16日创下的225.64美元历史高点下跌逾35%,7月9日盘中更触及145.20美元的低点,已低于上市首日150美元的开盘价。

此次回调被市场普遍解读为“利好兑现”后的获利了结。SpaceX上市仅15个交易日便火速纳入纳斯达克100指数,创下该指数最快纳入纪录,这一消息在上市初期吸引大量投机资金涌入。然而,纳入带来的被动买盘需求远低于预期,被动买入的推升效应被大幅削弱。此外,SpaceX以全股票交易方式收购Cursor,导致现有股东持股被稀释约3.4%,也构成了额外抛压。

更令市场关注的是即将到来的内部人士解禁洪峰。SpaceX上市时实际可流通股比例不足5%,人为制造了稀缺性。但随着公司二季度财报发布后启动分阶段解禁,到9月初内部人士最多可出售公司44%的股份,可交易流通股数量或将大幅增加。有观点认为,SpaceX从未盈利且去年亏损近50亿美元,其合理估值远低于当前水平。

与上述观点形成鲜明对比的是,华尔街主流投行在静默期结束后几乎一致给予积极评级,部分机构给出了远高于当前水平的目标价。多空双方的分歧已达到前所未见的程度,最高与最低目标价相差逾25倍。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10