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史上最大 IPO:SpaceX 上市,马斯克成全球首位万亿富翁
The Biggest IPO in History: SpaceX Goes Public, Musk Becomes the World's First Trillionaire
About this story
SpaceX's history-making IPO: reusable rockets and Starlink explained, what 'going public' and shares mean, the $135→$161 first-day numbers, the $75B raise, the $1.77T valuation, Musk becoming the first trillionaire, and the 30% retail allocation. HSK 3 Chinese listening practice.
This is an HSK 3-4 Chinese listening episode that runs about 4 minutes. The full Mandarin script is shown with tap-for-pinyin and a line-by-line English translation, so you can listen and read at once — comprehensible input in the sense of Stephen Krashen's i+1 theory. It teaches 13 key vocabulary words such as 世界、结果、普通 and walks through 7 grammar patterns, each explained in English with examples. The same news story is retold at 4 difficulty levels — use the level selector above to find the version that is challenging but still understandable for you.
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原文Read the complete story in Chinese. Reveal pinyin and English only when you need them.
English transcript reference
Today we'll talk about a big event that happened just yesterday.
A rocket-making company went public.
And it was the biggest 'going public' in history.
You might have heard of this company.
It's called SpaceX.
It's an American company.
It mainly does two things.
First, it makes rockets.
Its rockets are impressive.
They can fly up into the sky, and also fly back, and be used again.
Second, it has placed many, many small satellites in the sky.
These satellites are linked together.
They let people all over the world get online.
Even if you're on the open sea, or in the desert,
with nothing beside you,
you can still get online.
This thing is called 'Starlink'.
So you see, what this company does
are all things that sound very 'future'.
Now let's first talk about a word: 'going public'.
What does 'going public' mean?
We'll go slowly.
Before, a company belonged to a few people.
For example the boss, and the few people who put in money at the start.
Others, even if very rich, couldn't buy its shares.
Going public is when this company,
for the first time, takes its shares out and sells them openly.
Ordinary people can buy them too.
Once you buy its shares,
you become a 'small shareholder' of this company.
If the company earns money later,
you can get a little share too.
The more valuable the company, the more valuable your shares.
Yesterday, SpaceX went public just like that.
Its stock listed on America's Nasdaq.
At first, the set price was 135 dollars per share.
As it turned out, far too many people wanted to buy.
After the open, the price rose all the way up.
At its highest, it climbed to 176 dollars.
By the close, it settled at around 161 dollars.
In other words, on the first day, it rose about 19%.
How much did this listing sell in total?
About 75 billion dollars.
What kind of concept is this?
This is the biggest IPO in human history.
IPO is the English term for going public.
Before, no company had ever,
when going public, sold this much money's worth.
After going public, the company SpaceX
was suddenly worth about 1.77 trillion dollars.
Intraday, it even briefly passed 2 trillion.
Now, it's already the sixth-largest public company in America.
This event also has a main character.
That's SpaceX's boss, Musk.
After the company went public,
the shares in Musk's hands suddenly became extremely valuable.
He became the world's first 'trillionaire'.
In other words, his money exceeded one trillion dollars.
Before him, no one in the world
had ever been rich to this degree.
He's the first.
This listing also has a very special feature.
Usually when a company goes public,
the shares left for ordinary people to buy are few.
About only ten percent.
The rest all go to big institutions and big funds.
But this time, Musk said
he'd leave about thirty percent of the shares for ordinary people.
Three times the usual.
In other words, he wants more ordinary people
to be able to buy a little piece of this company too.
Finally, let's think together.
Why are so many people scrambling to buy a rocket-making company?
When it comes down to it, what they're buying isn't rockets.
What they're buying is a 'belief'.
They believe:
in the future, people going to the sky will happen more and more.
The sky will become an enormous business.
Buying a little today is a bet that this future will come.
Of course, whether the future will really come,
no one can guarantee right now.
Finally, I want to ask you.
If you also had a little spare money,
would you bet on a future
you believe in?
In your heart, what does that future look like?
Listen again
Try it without the transcript and notice what sounds clearer.
What vocabulary does this episode teach?
词汇HSK 1-3. world.
HSK 1-3. result; outcome.
HSK 1-3. ordinary / common.
HSK 1-3. at the end; finally.
HSK 1-3. even; so much so that.
HSK 1-3. why.
HSK 1-3. company.
Glossed inline: 第一次把自己的股份拿出来公开卖 = take shares out and sell them openly for the first time.
Glossed inline: IPO 就是上市的英文说法 = IPO is the English term for going public.
买不到它的股份 = couldn't buy its shares. 股 (share) + 份 (portion).
你就成了公司的一个小股东 = you become a small shareholder of the company.
在天上放了很多很多小卫星 = placed many small satellites in the sky. The Starlink network.
SpaceX's satellite internet network. 星 (star) + 链 (chain/link).
* beyond level超纲词
What grammar patterns appear in this episode?
语法X 是什么意思呢? + answer
Asks the meaning of a term, then defines it. Glosses 上市.
上市是什么意思呢?
这是一个什么概念?
就算 ... 也 ... (even if)
Concessive: 'even if X, still Y'.
就算你在大海上,在沙漠里,旁边什么都没有,你也能上网。
别人就算很有钱,也买不到。
越 + Adj,越 + Adj (the more... the more...)
Paired escalation across two clauses.
公司越值钱,你手里的股份,也越值钱。
也就是说 + Clause (in other words)
Rephrasing / clarifying marker.
也就是说,第一天就涨了差不多 19%。
也就是说,他的钱超过了一万亿美元。
说到底 + Clause (when it comes down to it)
Marks the essential point beneath the surface.
说到底,他们买的不是火箭。
一般 ... 但是这一次 ... (usually X, but this time Y)
Contrast between norm and exception.
一般公司上市,留给普通人的股份很少。但是这一次,马斯克说,要留差不多三成。
为什么 ... ? 因为 / 说明 ... (why...? because/showing...)
Rhetorical question answered with cause or interpretation.
为什么这么多人,抢着买一个造火箭的公司?
这说明很多人都相信。
Proper Nouns
专有名词Free account
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