SpaceX’s share price fell back to Earth, erasing(抹去；消除) some of the gains it had chalked up(取得；记录) since an initial public offering on June 12th. The stock was listed at $135 at the company’s flotation(（公司）上市), had climbed to over $200 in subsequent days and was trading at around $155 during the middle of this week. Some $400bn was wiped off(抹去；蒸发) SpaceX’s market value in one day, the second-biggest such loss for any company (Nvidia lost almost $600bn on January 27th 2025). Meanwhile, SpaceX launched its first bond offering, over a range of(多种多样) maturities, to institutional investors, which should raise $25bn. The company will use the proceeds(收入；收益) to repay a bridge loan(过桥贷款) it took out(取得（贷款）) in March when xAI, Elon Musk’s AI company, and X, his social-media platform, were merged with(与…合并) SpaceX.
SpaceX的股价回落，抹去了自6月12日首次公开募股以来积累的部分涨幅。该股在上市时定价135美元，随后几天攀升至200美元以上，本周中段交易价格约为155美元。一天之内，SpaceX的市值蒸发了约4000亿美元，这是任何公司第二大单日市值损失（英伟达在2025年1月27日损失了近6000亿美元）。与此同时，SpaceX向机构投资者发行了其首只债券，期限多样，应能筹集250亿美元。该公司将用这笔收益偿还3月时借入的一笔过桥贷款——当时埃隆·马斯克的AI公司xAI和他的社交媒体平台X与SpaceX合并。
Other tech stocks fell heavily during the week, as concerns about the lofty(极高的；崇高的) valuations of AI-related firms and the prospect of higher interest rates once again rattled(使不安；使紧张) investors. The share prices of chipmakers such as Micron, Nvidia and Qualcomm dropped sharply. Alphabet’s stock slid(下跌；滑落) by 5% after two senior AI researchers said they were leaving, one to join Anthropic(Anthropic是一家人工智能安全研究...) and the other to join OpenAI.
本周其他科技股大幅下跌，因为对AI相关公司高估值和加息前景的担忧再次令投资者不安。美光、英伟达和高通等芯片制造商的股价大幅下跌。Alphabet的股价下跌5%，此前两名资深AI研究人员表示将离职，一人加入Anthropic，另一人加入OpenAI。
Micron cheered(使振奋；使高兴) investors, however, when it published its quarterly earnings. The chipmaker’s revenue climbed by 345%, year on year(同比), to $41.5bn, and net profit soared(飙升；猛增) by 1,400%, to $28.2bn.
不过，美光在发布季度财报时令投资者振奋。这家芯片制造商的营收同比增长345%，达到415亿美元，净利润飙升1400%，达到282亿美元。
Forget LA law, here’s AI law
忘记洛杉矶律师，这里是AI法律