Core Viewpoint - SpaceX has entered a "quiet period" ahead of its anticipated IPO, which is projected to be the largest in history, with a valuation of $1.5 trillion, approximately 100 trillion yuan [2][4]. Group 1: IPO and Valuation - SpaceX's overall valuation has reached $1.5 trillion, equivalent to about 100 trillion yuan [2]. - The company has communicated to employees that discussions regarding the IPO, including growth prospects and valuation, are prohibited during this quiet period to comply with SEC regulations [4][5]. Group 2: Quiet Period Details - The quiet period is a restricted communication phase before an IPO, where companies cannot make public statements that could influence stock prices, ensuring equal information access for investors [5]. - SpaceX's potential IPO in 2026 aims to raise funds for high-frequency launches of the "Starship" rocket, the construction of on-orbit AI data centers, and the advancement of lunar base projects [5]. - The company has indicated that the timing and valuation of the IPO are subject to change, and it retains the option not to proceed with the public offering [5].

Group 1 - SpaceX has entered a regulatory quiet period ahead of its anticipated IPO, signaling the commencement of preparations for what could be the largest IPO in history [1] - The quiet period restricts employees from discussing the company's public listing plans, including growth prospects and valuations, to ensure equal information access for investors [1] - The quiet period typically begins with the filing of the company's prospectus, but SpaceX has proactively implemented this restriction to mitigate risks associated with premature promotion of securities [1] Group 2 - Following the announcement, the closed-end fund Destiny Tech 100, which holds SpaceX shares, rebounded by 5% after a 20% decline earlier in the week [2] - Companies like EchoStar and Rocket Lab, which have agreed to sell spectrum licenses to SpaceX, also saw stock increases of over 1% [2] Group 3 - SpaceX is preparing for a potential IPO in 2026, aiming to raise over $30 billion, with an overall valuation approaching $1.5 trillion [3] - The company plans to utilize the funds for high-frequency flight rates of its Starship rocket, building AI data centers in space, and establishing a base on the Moon [3] - The management is set to begin selecting investment banks for the IPO process, with multiple firms participating in the bidding [3]