Musk responded on social media that the news of SpaceX raising funds at an $800 billion valuation is not accurate; the increase in valuation depends on the progress of the Starship and Starlink, as well as obtaining global direct connection mobile network spectrum, which will significantly expand the market size that the company can serve.

I feel that this is a rather implicit statement. Does it suggest that $800 billion is relatively low? Because the expansion of the serviceable market size of the company will further enhance the valuation. The meaning is simple: don’t rush to overestimate the valuation; let the bullets fly a little longer, perhaps there will be more surprises.

Musk is a leader in industry transformation. I remember the last wave of domestic new energy vehicles was brought about by Tesla's transformation. This emergence of commercial space seems to be another landmark event. There are already opinions suggesting that commercial space in December this year is akin to the robotics track of December last year. I believe this viewpoint is very impactful; perhaps by 2026, it will be the inaugural year of commercial space.

In addition, on December 3 of this year, the successful maiden flight of the Zhuque-3 reusable liquid oxygen methane launch vehicle, independently developed by Landspace, in the Dongfeng Commercial Space Innovation Experiment Zone, represents China's breakthrough from 0 to 1 in the large liquid rocket sector, bringing an important catalyst for the upcoming commercial space market.