[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-jim-chanos-spacexs-40-billion-chip-debt-raises-a-pretty-material-500b-question-ZH":150},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[],{"post":151,"seo":187,"relatedPosts":194,"suggestedPosts":267},{"id":152,"title":153,"date":154,"modified":155,"excerpt":156,"content":157,"wordCount":158,"lang":159,"uri":160,"slug":161,"cloudinaryAssetId":162,"featuredImageOriginalUrl":163,"featuredImageMetadata":164,"author":167,"editor":173,"categories":178,"relatedPosts":184,"seo":185},145661,"吉姆·查诺斯：SpaceX的400亿美元芯片债务引发了一个\"相当重大的5000亿美元问题\"","2026-10-26T18:31:27","2026-10-26T18:31:36","\u003Cp>跟随芯片。\u003C\u002Fp>","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>埃隆·马斯克证实，SpaceX 已筹集了 400 亿美元主要为可赎回债务，用于购买将于 2027 年上半年到货的英伟达 GPU。\u003C\u002Fli>\n\n\n\n\u003Cli>吉姆·查诺斯想知道，SpaceX 计划在 2027 年建设的 10 吉瓦容量中，有多少位于地面数据中心，他称这是一个价值 5000 亿美元的问题。\u003C\u002Fli>\n\n\n\n\u003Cli>SpaceX 近期的 AI 收入来自出租地面计算资源，而其最大的未来市场则依赖于太空中的数据中心以及星舰项目。\u003C\u002Fli>\n\n\n\n\u003Cli>分析师预计收入将从 2026 年的 488 亿美元跃升至 2027 年的 1800 亿美元，因此这些预测需要在新产能上线时，租赁价格能够保持稳定。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>SpaceX (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=7702894&tid=321424200\">SPCX\u003C\u002Fa>)\u003C\u002Fstrong> 刚刚为 AI 芯片借了 400 亿美元，而吉姆·查诺斯想知道这些钱会花在哪里。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">上周末，埃隆·马斯克在 \u003Ca href=\"https:\u002F\u002Fx.com\u002Felonmusk\u002Fstatus\u002F2114444535036321840\">X 上的回复\u003C\u002Fa> 中证实，这笔融资\"主要是用于购买将于第一季度和第二季度到货的 GPU 的可赎回债务\"。这些芯片是 \u003Cstrong>英伟达 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=32307&tid=2635154\">NVDA\u003C\u002Fa>)\u003C\u002Fstrong> 的 GPU。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">随后，X 账号 RHouseResearch \u003Ca href=\"https:\u002F\u002Fx.com\u002FRHouseResearch\u002Fstatus\u002F2114512732687122802\">提问\u003C\u002Fa>：\"为什么 SpaceX 要借 400 亿美元来建造'地面'数据中心？\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">知名做空者吉姆·查诺斯 \u003Ca href=\"https:\u002F\u002Fx.com\u002FRealJimChanos\u002Fstatus\u002F2114536636520210931\">跟进\u003C\u002Fa> 道：\"那么，$SPCX 在 2027 年建设的 10 吉瓦容量中，有多大比例是地面容量……？！这是一个相当重要的 5000 亿美元问题。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">确实如此。答案将告诉你 SpaceX 的股东在未来几年里实际拥有的是什么。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR 追踪了 38 位分析师对 SpaceX 的看法。有多少人给出了\"买入\"评级？\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在同一个地方查看 SpaceX 的买入、持有和卖出评级的完整细分，以及华尔街的收入和盈利预测。超过 50 万投资者使用 TIKR 来研究像这样的股票。 \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">查看 SpaceX 的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-40-billion-is-going-on-the-ground\" class=\"wp-block-heading\">这 400 亿美元将用于地面建设\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在这次交易之前，SpaceX 的借款就已经很重了。其总债务在 2025 年底上升至 245 亿美元，高于一年前的 154 亿美元。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793024806\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png?_i=AA\" alt=\"Bar chart from TIKR of SpaceX's total debt, $ billions, fiscal 2024–2025.\" class=\"wp-post-145661 wp-image-145651\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793024806\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793024806\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793024806\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793024806\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793024806\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793024806\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_total_debt_2024-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">SpaceX (SPCX): 总债务，十亿美元，2024-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">截至 9 月 30 日，债务和融资租赁已达到 388 亿美元。新的 400 亿美元超过了这整个债务负担。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">支出增长同样迅速。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793024801\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png?_i=AA\" alt=\"Bar chart from TIKR of SpaceX's capital expenditures, $ billions, fiscal 2024–2025.\" class=\"wp-post-145661 wp-image-145653\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793024801\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793024801\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793024801\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793024801\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793024801\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793024801\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025\u002F2026-10-26_idf0f44c645_SPCX_capex_2024-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">SpaceX (SPCX): 资本支出，十亿美元，2024-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">而 2026 年更是达到了另一个水平：前九个月的资本支出为 481 亿美元，根据 SpaceX 第三季度电话会议给出的指引，第四季度还将有 350 亿至 400 亿美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">那么，这些钱都花到哪里去了？我的解读是，大部分投入了地面建筑。SpaceX 尚未在太空中部署数据中心，并且其目标是在 2027 年上半年（也就是这些 GPU 到货的同一时期）实现星舰的每周飞行。（SpaceX 没有说明 10 吉瓦容量如何分配。）\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这个差距很重要。正如彭博科技主持人 Ed Ludlow 在 SpaceX 财报发布后的 \u003Ca href=\"https:\u002F\u002Fomny.fm\u002Fshows\u002Fthe-tape\u002Fearnings-special-spacex-profit-beats-estimates-on-big-jump-in-ai-revenue\">彭博情报财报特别节目\u003C\u002Fa> 中所说：\"轨道数据中心离不开星舰。\"他还指出，IPO 招股说明书将 SpaceX 未来 26.5 万亿美元的可寻址市场全部与太空中的数据中心挂钩。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-near-term-money-comes-from-a-neocloud\" class=\"wp-block-heading\">近期的资金来自新云服务\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在此之前，SpaceX 的 AI 部门通过出租地面计算资源来赚钱。这就是查诺斯上周称 SpaceX 为 \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fspacex-the-largest-global-neocloud-per-jim-chanos-as-we-gear-up-for-earnings-tomorrow\">\"全球最大的新云\"\u003C\u002Fa> 背后的业务。该部门在第三季度为 SpaceX 带来了 76 亿美元的收入，占其 146 亿美元总收入的半数以上。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">分析师预计未来还会有更多收入。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793024783\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png?_i=AA\" alt=\"Bar chart from TIKR of SpaceX's revenue, actual and consensus estimates, $ billions, fiscal 2026–2027.\" class=\"wp-post-145661 wp-image-145658\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793024783\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793024783\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793024783\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793024783\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793024783\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793024783\u002Fimages\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027\u002F2026-10-26_idf0f44c645_SPCX_revenue_estimates_2024-2027.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">SpaceX (SPCX): 收入，实际值与共识预测，十亿美元，2026-2027财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">2027 年的预测依赖于这笔债务所支付的 GPU。即使按照 SpaceX 第一季度指引的上限连续四个季度计算，也只能达到 1480 亿美元，因此该预测需要增长势头全年持续攀升。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-ground-compute-can-pay-for-orbit-if-prices-hold\" class=\"wp-block-heading\">如果价格保持稳定，地面计算可以为太空业务提供资金\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">SpaceX 的首席财务官表示，按照当前的租赁价格，新的计算资源 \u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fspacex-will-spend-up-to-40-billion-in-a-single-quarter-its-cfo-says-the-payback-is-less-than-a-year\">在不到一年的时间内就能收回成本\u003C\u002Fa>。如果这种情况持续下去，地面上的每一吉瓦容量都有助于为计划用于轨道的容量提供资金，并且首先在地面建设是合理的顺序。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">但这种投资回报取决于价格和有限的买家名单。一家 AI 客户贡献了 SpaceX 第三季度收入的 34.5%，而 Anthropic 合同允许任何一方提前 90 天通知后退出。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">马斯克本人刚刚写道，\"债务市场几乎已经完全切断了对任何没有独立于 AI 数据中心的大量收入来源的公司的资金渠道\"（\u003Ca href=\"https:\u002F\u002Fx.com\u002Felonmusk\u002Fstatus\u002F2114434646914068862\">帖子\u003C\u002Fa>）。SpaceX 之所以能获得 400 亿美元，是因为它是\"投资级\"公司，并且拥有星链和发射收入，正如他所说。星链的连接部门在 2026 年前九个月创造了 52 亿美元的运营利润，而这正是支撑新云业务的信用基础。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-for-now-the-answer-is-mostly-ground\" class=\"wp-block-heading\">目前来看，答案主要是地面\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">SpaceX 尚未回答查诺斯的问题，但时间点说明了问题。将于 2027 年上半年到货的英伟达 GPU 将在地面数据中心创造价值。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法是：在未来几年，我会像评估一个新云公司那样来评估 SpaceX 的 AI 业务，背后有星链的现金支持。那 26.5 万亿美元的轨道故事，是星舰仍需努力才能兑现的期权。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，星舰的快速进展会改变这一点。马斯克预计在 11 月进行的第 15 次飞行，将尝试同时回收助推器和飞船。而 2027 年初发布的第四季度业绩将显示，一个 350 亿至 400 亿美元的季度烧掉了多少现金。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-spacex-stock-actually-worth\" class=\"wp-block-heading\">那么 SpaceX 的股票实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR 让你在一分钟内预测任何股票的未来价格。只需在 TIKR 的估值模型中输入几个假设，就能看到 SpaceX 可能的价值。可以从华尔街共识预测开始，或者调整输入参数以反映您自己对业务的看法。免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">免费为 SpaceX 估值\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR 上的文章并非旨在提供来自 TIKR 或我们内容团队的投资或财务建议，也不是买卖任何股票的建议。我们根据 TIKR Terminal 的投资数据和分析师预测来创建内容。我们的分析可能未包含公司的最新新闻或重要更新。TIKR 对提及的任何股票均无持仓。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1019,"zh","\u002Fblog\u002Fjim-chanos-spacexs-40-billion-chip-debt-raises-a-pretty-material-500b-question","jim-chanos-spacexs-40-billion-chip-debt-raises-a-pretty-material-500b-question","images\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699248\u002Fimages\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva.png?_i=AA",{"altText":165,"imageCredit":166},"Jim Chanos: SpaceX’s $40 Billion Chip Debt Raises “a Pretty Material $500B Question”","U.S. Air Force photo by Trevor Cokley and SUMALI IBNU CHAMID from Alemedia.id via Canva",{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":172},"Roxanna Maglangit","roxtikr","author","",[],{"name":174,"slug":175,"role":176,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":177},"Michael Douglass","MichaelDouglass","editor",[],[179],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":165,"metaDesc":186,"opengraphDescription":186,"twitterTitle":165,"twitterDescription":186},"Follow the chips.",{"title":188,"description":186,"twitterTitle":188,"twitterDescription":186,"author":168,"articlePublisher":189,"articlePublishedTime":154,"articleModifiedTime":155,"twitterLabel1":190,"twitterData1":191,"ogTitle":188,"ogDescription":186,"ogUrl":160,"ogImage":163,"ogImageWidth":192,"ogImageHeight":193,"ogImageSecureUrl":163,"ogImageAlt":165,"twitterImage":163},"Jim Chanos: SpaceX’s $40 Billion Chip Debt Raises “a Pretty Material $500B Question”","TIKR.com","预计阅读时间","3 minutes",1200,630,[195,210,224,239,254],{"id":183,"title":196,"date":197,"excerpt":198,"wordCount":199,"uri":200,"slug":201,"cloudinaryAssetId":202,"featuredImageOriginalUrl":203,"featuredImageMetadata":204,"author":205,"categories":207,"relatedPosts":209},"特朗普的首位AI沙皇：\"CoreWeave不会破产\"，因为AI具有\"强制稀缺性\"","2026-10-26 18:30:00","售罄的需求仍需支付费用。",1043,"\u002Fblog\u002Ftrumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity","trumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity","images\u002FCoreweave-Stock_144514070b2\u002FCoreweave-Stock_144514070b2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792786113\u002Fimages\u002FCoreweave-Stock_144514070b2\u002FCoreweave-Stock_144514070b2.png?_i=AA",{"altText":196},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":206},[],[208],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":211,"date":212,"excerpt":213,"wordCount":214,"uri":215,"slug":216,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":217,"featuredImageMetadata":218,"author":219,"categories":221,"relatedPosts":223},"CoreWeave的\"最终决战\"：AI租户要求赔偿","2026-10-26 18:29:31","细则条款的成本正在上升",1055,"\u002Fblog\u002Fcoreweaves-final-boss-battle-ai-tenants-demand-penalties","coreweaves-final-boss-battle-ai-tenants-demand-penalties","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FCoreweaveStock-600x400.png",{"altText":211},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":220},[],[222],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":225,"date":226,"excerpt":227,"wordCount":228,"uri":229,"slug":230,"cloudinaryAssetId":231,"featuredImageOriginalUrl":232,"featuredImageMetadata":233,"author":234,"categories":236,"relatedPosts":238},"Shopify \"完全未匹配其估值倍数\" 投资者为其支付112倍市盈率","2026-10-26 18:26:22","一家伟大的企业，其估值却仿佛一切都不会出错",993,"\u002Fblog\u002Fshopify-has-not-grown-into-its-multiple-at-all-as-investors-pay-112-times-profits","shopify-has-not-grown-into-its-multiple-at-all-as-investors-pay-112-times-profits","images\u002FShopifyStock\u002FShopifyStock","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793039104\u002Fimages\u002FShopifyStock\u002FShopifyStock.png?_i=AA",{"altText":225},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":235},[],[237],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":240,"date":241,"excerpt":242,"wordCount":243,"uri":244,"slug":245,"cloudinaryAssetId":246,"featuredImageOriginalUrl":247,"featuredImageMetadata":248,"author":249,"categories":251,"relatedPosts":253},"特朗普政府财政部称海湾石油\"强势回归\" 埃克森美孚财报前夕股价逼近历史高位","2026-10-26 18:21:45","加油站的利好消息。埃克森美孚的股东们可能感受不同。",980,"\u002Fblog\u002Ftrumps-treasury-says-gulf-oil-is-roaring-back-as-exxon-heads-into-earnings-near-a-record","trumps-treasury-says-gulf-oil-is-roaring-back-as-exxon-heads-into-earnings-near-a-record","images\u002Fskeptical-older-man-falling-red-chart\u002Fskeptical-older-man-falling-red-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792764862\u002Fimages\u002Fskeptical-older-man-falling-red-chart\u002Fskeptical-older-man-falling-red-chart.png?_i=AA",{"altText":240},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":250},[],[252],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":255,"date":256,"excerpt":257,"wordCount":258,"uri":259,"slug":260,"cloudinaryAssetId":162,"featuredImageOriginalUrl":163,"featuredImageMetadata":261,"author":262,"categories":264,"relatedPosts":266},"Verizon业绩超预期并上调指引，同时就SpaceX手机网络向FCC发出警告","2026-10-26 18:19:49","到目前为止，SpaceX对Verizon的唯一影响体现在股价上。",1063,"\u002Fblog\u002Fverizon-beats-and-raises-guidance-while-warning-the-fcc-about-spacexs-phone-network","verizon-beats-and-raises-guidance-while-warning-the-fcc-about-spacexs-phone-network",{"altText":255},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":263},[],[265],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],[268,288,303,317,332,352,367,382,397],{"id":183,"title":269,"date":270,"excerpt":271,"wordCount":272,"uri":273,"slug":274,"cloudinaryAssetId":275,"featuredImageOriginalUrl":276,"featuredImageMetadata":277,"author":278,"categories":282,"relatedPosts":287},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":269},{"name":279,"slug":280,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":281},"Aditya Raghunath","adityatikr",[],[283],{"name":284,"slug":285,"uri":286,"description":171,"postsCount":183},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":183,"title":289,"date":290,"excerpt":291,"wordCount":292,"uri":293,"slug":294,"cloudinaryAssetId":295,"featuredImageOriginalUrl":296,"featuredImageMetadata":297,"author":298,"categories":300,"relatedPosts":302},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":289},{"name":279,"slug":280,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":299},[],[301],{"name":284,"slug":285,"uri":286,"description":171,"postsCount":183},[],{"id":183,"title":304,"date":290,"excerpt":305,"wordCount":306,"uri":307,"slug":308,"cloudinaryAssetId":309,"featuredImageOriginalUrl":310,"featuredImageMetadata":311,"author":312,"categories":314,"relatedPosts":316},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":304},{"name":279,"slug":280,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":313},[],[315],{"name":284,"slug":285,"uri":286,"description":171,"postsCount":183},[],{"id":183,"title":318,"date":319,"excerpt":320,"wordCount":321,"uri":322,"slug":323,"cloudinaryAssetId":324,"featuredImageOriginalUrl":325,"featuredImageMetadata":326,"author":327,"categories":329,"relatedPosts":331},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":318},{"name":279,"slug":280,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":328},[],[330],{"name":284,"slug":285,"uri":286,"description":171,"postsCount":183},[],{"id":183,"title":333,"date":334,"excerpt":335,"wordCount":336,"uri":337,"slug":338,"cloudinaryAssetId":339,"featuredImageOriginalUrl":340,"featuredImageMetadata":341,"author":342,"categories":346,"relatedPosts":351},"埃克森美孚股价创下收盘新高，布伦特原油突破116美元。展望2030年该股走势","2026-10-26 07:55:00","埃克森美孚10月23日收盘创下183.21美元的历史新高，当时布伦特原油价格突破每桶116美元，目前其股价已超过华尔街分析师的平均目标价。该公司首席财务官表示，与先锋自然资源合并的协同效应已翻倍，且埃克森的目标是通过更少的油井使二叠纪盆地的采收率翻倍，这是公司可控的一项成本杠杆。",791,"\u002Fblog\u002Fexxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","exxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","images\u002F13-10\u002F13-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976181\u002Fimages\u002F13-10\u002F13-10.png?_i=AA",{"altText":333},{"name":343,"slug":344,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":345},"Wiltone Asuncion","wiltonetikr",[],[347],{"name":348,"slug":349,"uri":350,"description":171,"postsCount":183},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":183,"title":353,"date":354,"excerpt":355,"wordCount":356,"uri":357,"slug":358,"cloudinaryAssetId":359,"featuredImageOriginalUrl":360,"featuredImageMetadata":361,"author":362,"categories":364,"relatedPosts":366},"Rivian创下52周新低，就在收购AI模拟初创公司次日。10月29日市场走势说明了什么","2026-10-26 07:50:00","Rivian股价在收购一家人工智能模拟初创公司次日触及52周低点，延续了数周前开始的19%跌幅。10月29日的财报如今必须证明其成本结构能够承载自动驾驶研发支出。",925,"\u002Fblog\u002Frivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","rivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","images\u002F12-10_145310df477\u002F12-10_145310df477","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976166\u002Fimages\u002F12-10_145310df477\u002F12-10_145310df477.png?_i=AA",{"altText":353},{"name":343,"slug":344,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":363},[],[365],{"name":348,"slug":349,"uri":350,"description":171,"postsCount":183},[],{"id":183,"title":368,"date":369,"excerpt":370,"wordCount":371,"uri":372,"slug":373,"cloudinaryAssetId":374,"featuredImageOriginalUrl":375,"featuredImageMetadata":376,"author":377,"categories":379,"relatedPosts":381},"Robinhood股票在10月发布第三季度财报前下跌了15%。以下是其到2030年的潜在走向","2026-10-26 07:45:00","Robinhood在10月27日财报发布前，两个交易日累计下跌6.73%，走势与Coinbase同步。10月22日的两项进展指向可能不会在其加密货币收入项中体现的加密活动：比特币价格合约以及Morpho为其股票代币推出的首个借贷市场。",854,"\u002Fblog\u002Frobinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","robinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","images\u002F11-11_145309e717b\u002F11-11_145309e717b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976143\u002Fimages\u002F11-11_145309e717b\u002F11-11_145309e717b.png?_i=AA",{"altText":368},{"name":343,"slug":344,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":378},[],[380],{"name":348,"slug":349,"uri":350,"description":171,"postsCount":183},[],{"id":183,"title":383,"date":384,"excerpt":385,"wordCount":386,"uri":387,"slug":388,"cloudinaryAssetId":389,"featuredImageOriginalUrl":390,"featuredImageMetadata":391,"author":392,"categories":394,"relatedPosts":396},"沃尔玛股价10月上涨15%，尽管盈利预测并未上调。以下是其到2031年的潜在走势","2026-10-26 07:40:00","沃尔玛股价在9月30日至10月23日期间上涨了15.4%，但分析师对其未来12个月的每股收益（EPS）预估仍维持在3.00美元。几乎全部涨幅都源于更高的估值倍数，而公司此前在11月19日发布的业绩指引中，预计每股收益增长仅为0%至3%。",832,"\u002Fblog\u002Fwalmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","walmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","images\u002F10-14_145308a5c00\u002F10-14_145308a5c00","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976123\u002Fimages\u002F10-14_145308a5c00\u002F10-14_145308a5c00.png?_i=AA",{"altText":383},{"name":343,"slug":344,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":393},[],[395],{"name":348,"slug":349,"uri":350,"description":171,"postsCount":183},[],{"id":183,"title":398,"date":399,"excerpt":400,"wordCount":401,"uri":402,"slug":403,"cloudinaryAssetId":404,"featuredImageOriginalUrl":405,"featuredImageMetadata":406,"author":407,"categories":409,"relatedPosts":411},"苹果短暂超越英伟达，英伟达股价跌幅达12%。苹果股票到2030年可能走向何方","2026-10-26 07:35:00","苹果公司于10月23日短暂超越英伟达，成为全球市值最高的公司，股价创下351.73美元的历史新高。其人工智能战略所需资本支出极少，但以38倍的市盈率来看，11月2日公布的利润率数据将决定其估值倍数。",845,"\u002Fblog\u002Fapple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","apple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","images\u002F9-15_1453077213e\u002F9-15_1453077213e","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976106\u002Fimages\u002F9-15_1453077213e\u002F9-15_1453077213e.png?_i=AA",{"altText":398},{"name":343,"slug":344,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":408},[],[410],{"name":348,"slug":349,"uri":350,"description":171,"postsCount":183},[]]