近日，SpaceX创始人、特斯拉CEO马斯克在一档访谈节目中回应了《钢铁侠》电影以自己为原型的传 言。马斯克称："电影里的钢铁侠就是以我为原型的，我还客串了《钢铁侠》电影，小罗伯特·唐尼和乔 恩·法夫洛来见过我，参观了SpaceX。事实上，《钢铁侠2》很多场景都是在SpaceX拍的。" 来源：金融界汽车 据公开报道，《钢铁侠》编剧马克·弗格斯曾在2022年透露，他创作钢铁侠银幕形象一定程度上受到了 马斯克的启发，两人在技术实力、性格脾气等方面颇为相似。《钢铁侠》电影于2008年5月2日在北美公 映，全球票房累计585796247美元。目前马斯克是全球首富，坐拥约4606亿美元的财富，在彭博亿万富 豪榜上排名第一。 马斯克周三在与科技媒体Ars Technica太空行业记者Eric Berger的社交媒体互动中暗示，SpaceX可能会 进行首次IPO。据彭博亿万富豪指数测算，若SpaceX明年以1.5万亿美元的估值成功上市，马斯克身家有 望再翻一倍有余，总财富或达到9520亿美元。信息咨询机构Informa Connect此前曾预测，若马斯克财富 继续以每年110%的速度增长，他将在2027年成为全球首位万亿富 ...

Core Insights - Blue Origin, owned by Jeff Bezos, has been developing core technologies for space-based AI data centers for over a year, while SpaceX is also advancing its own initiatives in this area with upgraded Starlink satellites [1][4] - The competition between these two aerospace giants highlights the strategic value of space data centers, driven by the limitations of terrestrial AI data centers in terms of power and cooling requirements [4] Group 1 - Blue Origin is focusing on the research and development of core technologies for data centers in space, having invested significant time into this endeavor [1][4] - SpaceX plans to leverage its existing Starlink satellite network to deploy AI computing payloads, which has become a key selling point in its equity financing discussions [1][4] - SpaceX's valuation could potentially reach $800 billion if its financing efforts succeed, although Elon Musk has denied rumors regarding this valuation [4] Group 2 - The development of space data centers is seen as a solution to the increasing power and cooling demands of ground-based AI data centers, with Bezos predicting that gigawatt-level data centers will emerge in space within the next 10 to 20 years [4] - SpaceX aims to raise over $25 billion through an IPO planned for 2026, with a target valuation exceeding $1 trillion, which could provide substantial funding for its space AI initiatives [4] - The competition between Blue Origin and SpaceX is expected to reshape the future landscape of the technology industry as both companies intensify their focus on space as a new frontier for AI infrastructure [4]

人工智能（AI）的万亿级数据中心热潮，正在催生一个全新的战场：外太空。科技亿万富翁埃隆·马斯 克和杰夫·贝佐斯，在火箭和卫星领域的长期竞争之后，正将赛道延伸至轨道AI数据中心，试图将庞大 的计算基础设施搬离地球。 12月10日，据《华尔街日报》援引知情人士报道，马斯克旗下的SpaceX计划使用升级版的"星 链"（Starlink）卫星来承载AI计算负载，并将此技术作为其股份出售的一部分进行推介，该计划可能使 SpaceX公司估值达到8000亿美元。与此同时，一位知情人士称，贝佐斯的蓝色起源（Blue Origin）也已 组建一个团队，就轨道AI数据中心所需的技术进行了超过一年的研发。 这场竞赛的参与者远不止这两位巨头。据报道，OpenAI的首席执行官Sam Altman也曾研究收购火箭运 营商的可能性，以在太空部署AI计算能力。谷歌等科技巨头同样在积极布局。这一新兴趋势预示着AI 和航天两大行业的潜在交汇，其核心驱动力在于解决AI在地球上日益增长的能源消耗难题。 尽管支持者对利用太空无限太阳能的前景感到兴奋，但将数据中心送入轨道面临着巨大的工程障碍和成 本效益的拷问。怀疑论者认为，其技术风险被低估，短期内难以 ...

转自：智通财经 【10点半快评：短线情绪回落 题材弱势轮动】早盘三大指数涨跌不一，沪指弱势震荡，创业板指涨超 1%。黄白线分化明显，微盘股指数跌超1%。成交量方面，第一个小时两市放量222亿元，预计全天成 交1.84万亿。当前下跌个股超3600家。板块方面，市场出现分化，题材弱势轮动。早盘市场热点集中在 商业航天等方向，商业航天概念反复活跃，再升科技4连板，四川金顶6天3板。储能概念早盘拉升，不 过整体强度一般，通润装备炸板回落。短线情绪回落，龙洲股份冲高回落，博纳影业炸板回落，安记食 品触及跌停。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The Fed cut the federal funds rate target range by 25 basis points to 3.50%–3.75% for the third time this year, with a plan to start purchasing about $40 billion of short - term Treasuries per month from December 12. The dot - plot predicts one 25 - basis - point cut in 2026 and 2027 respectively [7]. - China's economy shows significant resilience, with the IMF raising its growth forecasts for China in 2025 and 2026 to 5.0% and 4.5% respectively [9]. - China's AI has entered an application explosion period, with the number of AI applications reaching 657 by October, a year - on - year increase of 61.8%, and the mobile user scale exceeding 700 million [9]. - For the stock market, the future market index needs to transition from a liquidity - driven bull market to a fundamental - driven one, and before that, consolidation is the main theme [24]. 3. Summary by Relevant Catalogs 3.1 Chemicals - On December 11, 2025, among domestic chemical products, paper pulp had the largest increase of 2.796%, while fuel oil had the largest decrease of 1.030% compared to December 10 [4]. 3.2 Agricultural Products - On December 11, 2025, among domestic agricultural products, rapeseed oil had the largest increase of 1.356%, while white sugar had the largest decrease of 1.877% compared to December 10 [4]. 3.3 Main Variety Morning Meeting Views 3.3.1 Agricultural Products - Peanuts: The market lacks strong drivers, and the price is expected to oscillate in the short term, with pressure around 8120 yuan and support around 8050 yuan [11]. - Sugar: Under the pressure of internal and external supply, the sugar price is expected to maintain a weak oscillation pattern, with support around 5300 yuan/ton [11]. - Corn: The price may continue to oscillate and adjust in the short term, with support around 2220 yuan and pressure around 2250 yuan [11]. - Pigs: The futures market shows a contradiction between weak reality and improved expectations. It is recommended to do long with a small number of warehouse receipts and conduct reverse spreads on the inter - month spread [11]. - Eggs: The market is expected to oscillate strongly, with short positions partially closing for profit and inter - month reverse spreads continuing to be held [12]. - Cotton: The current market lacks a clear driver, and the price is expected to oscillate in the short term. It is recommended to wait and see, with pressure at 13800 yuan and support around 13700 yuan [12]. 3.3.2 Energy and Chemicals - Urea: The futures price may continue to oscillate weakly, and it is necessary to pay attention to changes in off - season storage and export quotas [12]. - Caustic Soda: The supply - demand pattern is weak, and the 2601 contract continues to operate weakly, with a short - selling mindset [12]. - Coking Coal and Coke: The prices of coking coal and coke are expected to oscillate weakly at a low level in the short term [13]. - Logs: It is recommended to adopt a short - selling mindset, with support at the intraday low of 747 yuan and pressure at 768 yuan [13]. - Pulp: In the medium term, it may maintain an oscillating pattern, with support around 5350 yuan/ton and pressure at 5600 yuan/ton [13]. - Offset Printing Paper: It is expected to maintain an oscillating pattern in the short term, and interval trading can be considered with support at 4000 points and pressure around 4100 points [13]. 3.3.3 Industrial Metals - Copper and Aluminum: After the Fed's interest rate cut, copper and aluminum prices fluctuate sharply at high levels, and macro risks should be noted [17]. - Alumina: The fundamental situation is in surplus. If the price further drops, pay attention to enterprise production cuts, and the 2601 contract operates at a low level [18]. - Rebar and Hot - Rolled Coil: Steel prices are expected to oscillate in a low - level range in the short term, with rebar at 3050 - 3200 yuan and hot - rolled coil at 3200 - 3350 yuan [19]. - Ferroalloys: The fundamentals of ferrosilicon and ferromanganese are not strongly driven, and prices fluctuate weakly following the black series [20]. - Lithium Carbonate: It is recommended to wait and see, and beware of price corrections due to insufficient demand or increased supply [21]. 3.3.4 Options and Finance - Stock Index Options: Trend investors can pay attention to arbitrage opportunities between varieties, and volatility investors can buy straddles to bet on increased volatility [23]. - Stock Index: The market is in a period of waiting for a new main line. The Central Economic Work Conference may be a key policy window for the "cross - year market". The spring market may require the resonance of multiple factors [24].

Group 1 - Google's investment in SpaceX, made about ten years ago, is expected to yield significant returns, potentially becoming one of the most profitable startup investments in history [2] - Alphabet's stock has surged nearly 70% this year, reaching a market capitalization of $3.8 trillion, with further potential gains anticipated from the SpaceX investment by 2026 [2] - In 2015, Google invested approximately $900 million for about 7% equity in SpaceX, which was valued at $12 billion at that time, primarily betting on the Starlink business [2] Group 2 - SpaceX is planning to go public next year with a projected valuation of $1.5 trillion, which would increase the value of Google's stake to approximately $111 billion (around 784.2 billion RMB) [2] - Google's financial results earlier this year included an $8 billion gain from "non-marketable equity securities," attributed to SpaceX, representing 25% of Google's net profit for Q1 2025 [3] - Elon Musk stands to significantly increase his wealth if SpaceX successfully goes public, potentially doubling his current net worth of $460.6 billion, making him the world's first trillionaire [3]

12月11日，据财经网科技援引彭博社报道，如果SpaceX能在明年以1.5万亿美元的估值成功上市，那么 全球首富伊隆·马斯克的财富将在目前4606亿美元基础上增长一倍以上。 按照SpaceX 1.5万亿美元的上市前估值计算，马斯克的总财富将达到9520亿美元，较当前财富水平增加 约4910亿美元。 编辑：吴祈 审核：林夕合 【来源：财经网科技】 根据彭博亿万富豪指数的计算，如果SpaceX以1.5万亿美元估值上市，单是马斯克在SpaceX的持股价值 就将从现在的1360亿美元增至6250亿美元以上，这还不包括他在其他多家企业的股份，例如全球市值最 高的汽车制造商特斯拉。 根据彭博亿万富翁指数的数据，马斯克持有大约42%的SpaceX股份。该指数参考了美国联邦通信委员会 的文件，并结合近期融资轮次的股权稀释情况来估算其持股比例。 ...

如果SpaceX明年以1.5万亿美元的估值成功上市，那么全球最富有的人4，606亿美元的身家有望翻一倍 还多。 按彭博亿万富豪指数的计算，若上述情况成真，马斯克在其太空公司的持股价值将超过6，250亿美元， 远高于目前的1，360亿美元。这还不包括他在其他多家企业中价值数十亿美元的持股，其中包括全球最 有价值的汽车制造商特斯拉。 按1.5万亿美元的投前估值计算，马斯克的总财富将达到9520亿美元，较目前的水平增加约4910亿美 元。 马斯克和SpaceX的一位代表没有回应置评请求。 继上个月在特斯拉高达12位数的薪酬方案获批之后，首次公开募股为马斯克成为世界上首位万亿富豪开 辟了又一条清晰的途径。 参考彭博财富指数，马斯克持有总部位于德州Starbase的SpaceX约42%的股份。该指数参考联邦通信委 员会文件以及最近几轮融资的股权稀释情况来估算他的持股比例。 马斯克 ...

Important Market News - The Federal Reserve announced a 25 basis point interest rate cut, lowering the target range for the federal funds rate to 3.5%-3.75%. This marks the third consecutive rate cut since September 2023 and the sixth since the current easing cycle began in September 2024. Fed Chairman Powell stated that the monetary policy actions are guided by the dual mandate of promoting full employment and price stability. The committee noted that inflation risks are tilted upward while employment risks are tilted downward, indicating a challenging situation [1] - U.S. stock indices closed higher, with the Dow Jones up 1.05%, Nasdaq up 0.33%, and S&P 500 up 0.68%. Major tech stocks mostly rose, with Tesla, Amazon, Broadcom, and Google gaining over 1%. However, Meta fell over 1% and Microsoft dropped over 2%. Storage, energy storage, and infrastructure stocks led the gains, with GE Vernova rising over 15% and Sandisk up over 6%. The Nasdaq Golden Dragon China Index rose 0.65%, with most Chinese concept stocks increasing [1] Industry Insights - SpaceX is advancing its IPO plans, aiming for a valuation of $1.5 trillion and plans to raise over $30 billion. The IPO is expected to occur in mid to late 2026, with part of the funds allocated for developing space data centers. SpaceX currently monopolizes nearly 90% of the orbital launch market and is expanding into space data services, creating a business model independent of Earth's resource limitations. If successful, this IPO could surpass Saudi Aramco's record $29 billion fundraising in 2019, marking the largest IPO in history [3] - The satellite communication industry is projected to grow significantly, with estimates suggesting it could reach between 200 billion to 400 billion yuan by 2030, with an annual growth rate of 10%-28%. The industry is at a critical turning point from "concept validation" to "scale application," driven by technological maturity, cost reductions, and expanded application scenarios [4] - NAND flash memory prices have surged nearly 50% in a month, with shortages expected to become widespread after Q2 2024. Reports indicate that many manufacturers have inventory only until Q1 2026, and some will have no stock available from March 2024. The price increase is driven by a shift in production capacity towards high-profit enterprise and AI applications, alongside a rapid exit of older process capacities [5] - The low-altitude economy is becoming a strategic emerging industry, with Meituan set to launch an integrated low-altitude logistics network. This network aims to achieve delivery efficiency within a 3-kilometer radius in 15 minutes. The market for low-altitude economy is expected to reach 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035, presenting significant growth opportunities for related companies [7]

Market Review - Japanese and South Korean stock markets both saw gains, with the Nikkei 225 index rising by 0.47% to 50,839.02 points and the KOSPI increasing by 0.54% to 4,157.43 points [1] - In the US, all three major indices closed higher, with the S&P 500 up 0.67% to 6,886.68 points, the Nasdaq rising 0.33% to 23,654.16 points, and the Dow Jones increasing by 1.05% to 48,057.75 points [1] - European stock indices showed mixed results, with the FTSE 100 in London up 0.14% to 9,655.53 points, the CAC 40 in Paris down 0.37% to 8,022.69 points, and the DAX in Frankfurt also down 0.37% to 24,073.23 points [1] International Macro - The Federal Reserve lowered interest rates by 25 basis points, bringing the target range for the federal funds rate to 3.50% to 3.75%, marking the third rate cut of the year and the sixth since the new easing cycle began in September 2024 [2] - The Fed announced plans to resume purchasing government bonds to maintain ample reserve supply, indicating a proactive approach to monetary policy [2] - Discussions among US President Trump and European leaders focused on advancing peace negotiations regarding Ukraine, highlighting the geopolitical implications for the region [2] Corporate News - SpaceX is reportedly planning the largest IPO in history, aiming to complete the listing by mid-2026 with a fundraising target exceeding $30 billion and a valuation of approximately $1.5 trillion [3] Institutional Insights - UBS Wealth Management's CIO office released a report forecasting a supportive economic environment for the stock market in 2026, predicting a potential 15% upside for global equities by the end of the year [4] - The report emphasizes that robust economic growth in the US, along with loose fiscal and monetary policies, will benefit sectors such as technology, utilities, healthcare, and banking [4] - Stock markets in the US, China, Japan, and Europe are expected to experience upward trends [4]