US Stock Market Move | SpaceX (SPCX.US) rose more than 4%, with a nearly 50% increase since its listing. Duang Yongping said a valuation of 3 trillion yuan is not unreasonable.

On Wednesday, SpaceX (SPCX.US) opened up more than 4%, with the upward trend continuing for the fourth trading day. Since its debut last Friday, the cumulative increase is nearly 50%, with a total market value reaching $2.73 trillion, making it the sixth largest listed company in the world. In terms of news, well-known investor Duan Yongping expressed in a post that after re-examining SpaceX's history recently, he now has a better understanding of the high valuation given by the market, and believes that the company may not necessarily belong to the category of "bubble". He pointed out that if SpaceX can achieve annual profits of around $150 billion in the future, a corresponding market value of around $3 trillion is not unreasonable, and he believes that there seems to be a possibility of reaching this profit level in 5-10 years. However, he also emphasized that the core of this judgment still depends on whether SpaceX can truly achieve this profit scale in the long term. After reviewing the company's development history, he is "very impressed" by its technological and business model capabilities, and holds an open attitude towards its long-term growth potential.