Core Viewpoint - The price of 25-year Flying Moutai has significantly rebounded, with wholesale prices reaching approximately 1570 RMB per bottle as of December 14, following a drop below the official guidance price of 1499 RMB [1] Price Movement - On December 12, the wholesale price of Moutai fell below the official guidance price, but by December 13, it had recovered to the 1500 RMB mark [1] - The wholesale price of 25-year Flying Moutai increased by nearly 100 RMB over two days, with a rise of 20 RMB on December 13 and a further increase of 85 RMB on December 14 [1] Company Policy - Guizhou Moutai has implemented a volume control policy, which is a key factor in the recent price rebound. This policy includes short-term burden reduction and long-term structural reforms aimed at stabilizing channel expectations and optimizing product structure [1] - The new measures are designed to restore profit margins for distributors [1]

Group 1 - The core viewpoint of the article is that SpaceX is preparing for an IPO in 2026 with a target valuation of $1.5 trillion, significantly higher than its current valuation of $800 billion [2][5][6]. - SpaceX's stock price has surged to $421 per share, doubling from $212 in July, and has surpassed OpenAI's valuation, reclaiming its title as the world's most valuable unicorn [7][8]. - The anticipated IPO could raise $30 billion, potentially setting a record for the largest IPO in history, surpassing Saudi Aramco's $29.4 billion [7]. Group 2 - The urgency for the IPO is driven by the need for substantial funding for ambitious projects, including Mars colonization, lunar base construction, and a space-based AI data center [10][12]. - Analysts express concerns that the IPO may lead to the integration of Tesla and SpaceX, raising risks of related party transactions [12][13]. - Despite the potential for significant returns, there are worries about investor patience, as SpaceX remains a capital-intensive company focused on long-term projects [13][14].