CITIC Securities: SpaceX soars on its first day, heralding the dawn of a new era in space travel.

According to a report from CITIC Securities, SpaceX went public on NASDAQ on June 12, with a first-day surge of about 19%. The IPO raised approximately $75 billion, making it the largest IPO in global history. It is expected to strongly support the iterative development of SpaceX rockets and satellites, and expand the vast space of AI, including space computing power. Although there are fluctuations in the launch rhythm of commercial rockets due to objective characteristics, such as reusability, it is important to see the potential for exponential growth in the industry after breakthroughs in reusability technology, as well as the broader industrial space of space computing power, focusing on "core assets" and "inflation links".