{"id":726291,"date":"2026-02-19T01:19:17","date_gmt":"2026-02-18T17:19:17","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=726291"},"modified":"2026-02-19T01:19:17","modified_gmt":"2026-02-18T17:19:17","slug":"%e5%85%a8%e6%96%b0%e5%9f%ba%e9%87%91%e5%b0%86%e5%90%91%e6%95%a3%e6%88%b7%e5%bc%80%e6%94%be%e6%8a%95%e8%b5%84spacex%e4%b8%8eanthropic%e7%9a%84%e6%b8%a0%e9%81%93","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=726291","title":{"rendered":"\u5168\u65b0\u57fa\u91d1\u5c06\u5411\u6563\u6237\u5f00\u653e\u6295\u8d44SpaceX\u4e0eAnthropic\u7684\u6e20\u9053"},"content":{"rendered":"<p>\u6301\u6709\u5b89\u675c\u91cc\u5c14\u5de5\u4e1a\u3001SpaceX\u3001<a href=\"https:\/\/www.alphaseek.cn\/?tag=openai\" title=\"View all posts in OpenAI\" target=\"_blank\" class=\"tag_link\">OpenAI<\/a> \u53ca Anthropic \u80a1\u6743\u7684<strong>Powerlaw Corp \u57fa\u91d1<\/strong>\uff0c\u6b63\u7533\u8bf7\u5728<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%ba%bd%e7%ba%a6\" title=\"View all posts in \u7ebd\u7ea6\" target=\"_blank\" class=\"tag_link\">\u7ebd\u7ea6<\/a>\u53d1\u552e\u80a1\u4efd\uff0c\u6b64\u4e3e\u5c06\u8ba9\u6563\u6237<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u8005\u6709\u673a\u4f1a\u5206\u4eab<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"View all posts in \u4eba\u5de5\u667a\u80fd\" target=\"_blank\" class=\"tag_link\">\u4eba\u5de5\u667a\u80fd<\/a>\u3001\u56fd\u9632\u4e0e\u822a\u5929\u9886\u57df\u9876\u7ea7\u72ec\u89d2\u517d\u4f01\u4e1a\u7684\u6210\u957f\u6536\u76ca\u3002<\/p>\n<p>\u8be5\u57fa\u91d1\u96b6\u5c5e\u4e8e Powerlaw \u8d44\u672c\u96c6\u56e2\uff0c\u7531\u603b\u90e8\u4f4d\u4e8e\u65e7\u91d1\u5c71\u7684\u963f\u5361\u8fea\u5b89\u98ce\u6295\u8fd0\u8425\uff0c\u4e13\u6ce8\u4e8e\u4ece\u73b0\u6709\u6295\u8d44\u65b9\u624b\u4e2d<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%94%b6%e8%b4%ad\" title=\"View all posts in \u6536\u8d2d\" target=\"_blank\" class=\"tag_link\">\u6536\u8d2d<\/a>\u672a<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%b8%8a%e5%b8%82\" title=\"View all posts in \u4e0a\u5e02\" target=\"_blank\" class=\"tag_link\">\u4e0a\u5e02<\/a>\u4f01\u4e1a\u80a1\u4efd\u3002\u8be5\u516c\u53f8\u5728\u5468\u4e8c\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u5176\u7ba1\u7406\u8d44\u4ea7\u89c4\u6a21\u5df2\u8d85<strong>12 \u4ebf\u7f8e\u5143<\/strong>\uff0c\u76f8\u5173\u4e0a\u5e02\u8ba1\u5212\u5df2\u63d0\u4ea4\u76d1\u7ba1\u6587\u4ef6\uff0c\u4ecd\u9700\u83b7\u5f97<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08<a href=\"https:\/\/www.alphaseek.cn\/?tag=sec\" title=\"View all posts in SEC\" target=\"_blank\" class=\"tag_link\">SEC<\/a>\uff09\u6279\u51c6\u65b9\u53ef\u5b9e\u65bd\u3002<\/p>\n<p>\u7f8e\u56fd\u4e2a\u4eba\u6295\u8d44\u8005\u957f\u671f\u88ab\u9694\u7edd\u5728 OpenAI \u7b49\u4f01\u4e1a\u7684\u6307\u6570\u7ea7\u589e\u957f\u7ea2\u5229\u4e4b\u5916\u3002OpenAI \u8fd1\u671f\u6b63\u4ee5\u9ad8\u8fbe<strong>8300 \u4ebf\u7f8e\u5143<\/strong>\u7684\u4f30\u503c\u6d3d\u8c08<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%9e%8d%e8%b5%84\" title=\"View all posts in \u878d\u8d44\" target=\"_blank\" class=\"tag_link\">\u878d\u8d44<\/a>\uff0c\u800c\u51e0\u5e74\u524d\u5176\u4f30\u503c\u8fd8\u4e0d\u8db3 300 \u4ebf\u7f8e\u5143\u3002\u7b49\u5230\u8fd9\u7c7b\u4f01\u4e1a\u6b63\u5f0f\u4e0a\u5e02\u65f6\uff0c\u5927\u90e8\u5206\u4ef7\u503c\u589e\u957f\u65e9\u5df2\u88ab\u5927\u578b\u98ce\u6295\u673a\u6784\u6216\u5185\u90e8\u4eba\u58eb\u6536\u5165\u56ca\u4e2d\u3002Powerlaw \u6b63\u662f\u4e00\u6279\u65b0\u5174\u6295\u8d44\u5de5\u5177\u4e4b\u4e00\uff0c\u65e8\u5728\u4e3a\u666e\u901a\u6563\u6237\u586b\u5e73\u8fd9\u9053\u9e3f\u6c9f\u3002<\/p>\n<p>\u98ce\u6295\u673a\u6784 Jazz Venture Partners \u7ba1\u7406\u5408\u4f19\u4eba\u3001\u540c\u65f6\u4e5f\u662f Powerlaw \u6295\u8d44\u8005\u7684\u7ea6\u7ff0\u30fb\u65af\u76ae\u7eb3\u83b1\u8868\u793a\uff1a<\/p>\n<p>\u201c\u968f\u7740\u79c1\u52df\u5e02\u573a\u8d44\u91d1\u5145\u88d5\uff0c\u6700\u4f18\u8d28\u7684\u4f01\u4e1a\u4e0d\u518d\u9009\u62e9\u4e0a\u5e02\u3002\u8fd9\u5265\u593a\u4e86\u5927\u4f17\u53c2\u4e0e\u9ad8\u6210\u957f\u4f01\u4e1a\u6295\u8d44\u7684\u673a\u4f1a\u3002\u201d<\/p>\n<p>\u8be5\u57fa\u91d1\u540d\u79f0\u6e90\u4e8e<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9%e6%8a%95%e8%b5%84\" title=\"View all posts in \u98ce\u9669\u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669\u6295\u8d44<\/a>\u4e2d\u7684<strong>\u5e42\u5f8b\u5206\u5e03\u6548\u5e94<\/strong>\uff1a\u5386\u53f2\u4e0a\uff0c\u6781\u5c11\u6570\u4f01\u4e1a\u8d21\u732e\u4e86\u884c\u4e1a\u4e2d\u4e0d\u6210\u6bd4\u4f8b\u7684\u56de\u62a5\u3002\u57fa\u91d1\u901a\u8fc7\u4e8c\u7ea7\u5e02\u573a\u4ea4\u6613\uff0c\u4ee5<strong>3.55 \u4ebf\u7f8e\u5143<\/strong>\u6295\u8d44\u4e86\u5168\u7403 18 \u5bb6\u4f30\u503c\u6700\u9ad8\u7684\u672a\u4e0a\u5e02\u79d1\u6280\u516c\u53f8\uff0c\u5305\u62ec\u76f4\u63a5\u6536\u8d2d\u3001\u4e0e\u5458\u5de5\u8fbe\u6210\u80a1\u4efd\u8d2d\u4e70\u534f\u8bae\uff0c\u6216\u8054\u5408\u5176\u4ed6\u5c0f\u578b\u6295\u8d44\u8005\u901a\u8fc7\u7279\u6b8a\u76ee\u7684\u8f7d\u4f53\uff08SPV\uff09\u53c2\u4e0e\u6295\u8d44\u3002<\/p>\n<p>\u8be5\u57fa\u91d1\u9009\u62e9<strong>\u76f4\u63a5\u4e0a\u5e02<\/strong>\uff0c\u8fd9\u610f\u5473\u7740\u4e0e\u4f20\u7edf <a href=\"https:\/\/www.alphaseek.cn\/?tag=ipo\" title=\"View all posts in IPO\" target=\"_blank\" class=\"tag_link\">IPO<\/a> \u53d1\u884c\u65b0\u80a1\u52df\u8d44\u4e0d\u540c\uff0c\u5b83\u4ec5\u7531\u73b0\u6709\u80a1\u4e1c\u51fa\u552e\u5b58\u91cf\u80a1\u4efd\u3002\u4e00\u65e6\u83b7\u5f97\u76d1\u7ba1\u6279\u51c6\uff0c\u6295\u8d44\u8005\u4fbf\u53ef\u901a\u8fc7\u7ecf\u7eaa\u8d26\u6237\u5728\u516c\u5f00\u5e02\u573a\u4e70\u5165\u5176\u80a1\u7968\uff0c\u5982\u540c\u4ea4\u6613\u5176\u4ed6\u4e0a\u5e02\u4e2a\u80a1\u3002<\/p>\n<p><strong><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u56e0\u7d20<\/strong><\/p>\n<p>\u8fd9\u4e00\u7ed3\u6784\u540c\u6837\u5229\u597d Powerlaw \u81ea\u8eab\uff1a\u968f\u7740\u72ec\u89d2\u517d\u4f01\u4e1a\u4e0a\u5e02\u6570\u91cf\u51cf\u5c11\uff0c\u98ce\u6295\u4e0e\u65e9\u671f\u6295\u8d44\u65b9\u96be\u4ee5\u5c06\u8d26\u9762\u9ad8\u4f30\u503c\u8f6c\u5316\u4e3a\u73b0\u91d1\u56de\u62a5\u3002\u901a\u8fc7\u4e0a\u5e02\uff0c\u516c\u53f8\u5c06\u89e6\u8fbe\u66f4\u5e7f\u6cdb\u7684\u6295\u8d44\u8005\u7fa4\u4f53\uff1b\u82e5\u5e02\u573a\u8868\u73b0\u826f\u597d\uff0c\u8fd8\u53ef\u52df\u96c6\u65b0\u8d44\u91d1\u7ee7\u7eed\u6295\u8d44\u3002\u57fa\u91d1\u540c\u65f6\u8ba1\u5212\u5411\u80a1\u4e1c\u6536\u53d6 2.5% \u7684\u7ba1\u7406\u8d39\u3002<\/p>\n<p>\u98ce\u9669\u5305\u62ec\uff1aPowerlaw \u8fd9\u7c7b<strong>\u5c01\u95ed\u5f0f\u6295\u8d44\u57fa\u91d1<\/strong>\uff0c\u5f80\u5f80\u4f1a\u51fa\u73b0 \u80a1\u4ef7\u4f4e\u4e8e\u51c0\u8d44\u4ea7\u503c\uff08NAV\uff09 \u4ea4\u6613\u7684\u60c5\u51b5\u3002\u516c\u53f8\u5728\u62db\u80a1\u4e66\u4e2d\u63d0\u793a\uff0c\u5373\u4fbf\u6295\u8d44\u7ec4\u5408\u8868\u73b0\u826f\u597d\uff0c\u80a1\u4ef7\u4e5f\u53ef\u80fd\u6ede\u540e\u3002\u540c\u65f6\u8b66\u544a\u79f0\uff0c\u5176\u6295\u8d44\u7684\u672a\u4e0a\u5e02\u4f01\u4e1a\u516c\u5f00\u4fe1\u606f\u6709\u9650\uff0c\u65e0\u9700\u62ab\u9732\u8be6\u7ec6\u8d22\u52a1\u62a5\u8868\u3002<\/p>\n<p>\u6839\u636e SEC \u6587\u4ef6\uff0c\u622a\u81f3\u53bb\u5e74\u5e74\u672b\uff0c\u8be5\u57fa\u91d1\u51c0\u8d44\u4ea7\u4ef7\u503c\u7ea6\u4e3a<strong>4.75 \u4ebf\u7f8e\u5143<\/strong>\u3002<\/p>\n<p>\u957f\u671f\u4ee5\u6765\uff0c\u7f8e\u56fd\u7edd\u5927\u591a\u6570\u6563\u6237\u88ab\u6321\u5728\u79c1\u52df\u5e02\u573a\u95e8\u5916 \u2014\u2014 \u53c2\u4e0e\u95e8\u69db\u901a\u5e38\u4e3a\u51c0\u8d44\u4ea7\u8d85 100 \u4e07\u7f8e\u5143\u6216\u5e74\u6536\u5165\u81f3\u5c11 20 \u4e07\u7f8e\u5143\u3002\u800c\u53e6\u7c7b\u8d44\u4ea7\u7ba1\u7406\u673a\u6784\u6b63\u63a8\u52a8\u5411\u5927\u4f17\u5f00\u653e\u79c1\u52df\u5e02\u573a\u3002<\/p>\n<p>\u66fe\u5141\u8bb8\u6563\u6237\u6295\u8d44\u672a\u4e0a\u5e02\u4f01\u4e1a\u7684\u6295\u8d44\u5e73\u53f0 Linqto \u7834\u4ea7\uff0c\u51f8\u663e\u4e86\u79c1\u52df\u5e02\u573a\u7684\u98ce\u9669\u3002\u8be5\u5e73\u53f0\u66fe\u63d0\u4f9b\u4ece SpaceX \u5230 Anthropic \u7b49\u516c\u53f8\u7684\u80a1\u6743\uff0c\u901a\u8fc7\u8bbe\u7acb SPV \u6536\u8d2d\u80a1\u4efd\uff0c\u518d\u5c06 SPV \u4efd\u989d\u552e\u5356\u7ed9\u5ba2\u6237\u3002<\/p>\n<p>Powerlaw \u901a\u8fc7<strong>\u80a1\u6743\u3001<a href=\"https:\/\/www.alphaseek.cn\/?tag=kzz\" title=\"View all posts in \u53ef\u8f6c\u503a\" target=\"_blank\" class=\"tag_link\">\u53ef\u8f6c\u503a<\/a>\u3001SPV \u53ca\u8fdc\u671f\u5408\u7ea6<\/strong>\u7b49\u591a\u79cd\u65b9\u5f0f\u6301\u6709\u6295\u8d44\u7ec4\u5408\u516c\u53f8\u80a1\u4efd\u3002<\/p>\n<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%bd%ad%e5%8d%9a\" title=\"View all posts in \u5f6d\u535a\" target=\"_blank\" class=\"tag_link\">\u5f6d\u535a<\/a>\u884c\u4e1a\u5206\u6790\u5e08\u8a79\u59c6\u65af\u30fb\u585e\u6cd5\u7279\u8868\u793a\uff1a<\/p>\n<p>\u201c\u79c1\u52df\u8d44\u4ea7\u4e0e\u516c\u5f00\u5e02\u573a\u6b63\u5728\u878d\u5408\u3002\u8d8a\u6765\u8d8a\u591a\u4eba\u5e0c\u671b\u901a\u8fc7\u516c\u5f00\u6e20\u9053\u5de5\u5177\u53c2\u4e0e\u672a\u4e0a\u5e02\u4f01\u4e1a\u6295\u8d44\uff0c\u5404\u7c7b\u65b9\u5f0f\u5404\u6709\u5229\u5f0a\u3002\u201d<\/p>\n<p>Powerlaw \u90e8\u5206\u6301\u4ed3\u98ce\u9669\u66f4\u9ad8\uff1a\u4f8b\u5982\uff0c\u67d0\u53ea\u5e2e\u52a9\u6295\u8d44\u8005\u53c2\u4e0e\u70ed\u95e8\u521d\u521b\u4f01\u4e1a\u878d\u8d44\u8f6e\u7684 SPV\uff0c\u82e5\u4efd\u989d\u88ab\u5176\u4ed6\u6295\u8d44\u8005\u8fdb\u4e00\u6b65\u62c6\u5206\uff0c\u53ef\u80fd\u4e0e\u5e95\u5c42\u8d44\u4ea7\u9694\u4e86\u591a\u5c42\u7ed3\u6784\u3002\u800c\u8fdc\u671f\u5408\u7ea6\uff08\u5982\u5458\u5de5\u79bb\u804c\u6216\u516c\u53f8 IPO \u540e\u4e70\u5165\u80a1\u4efd\u7684\u534f\u8bae\uff09\uff0c\u53ef\u80fd\u56e0\u4f01\u4e1a\u62e5\u6709\u4f18\u5148\u8d2d\u4e70\u6743\u800c\u53d7\u963b\u3002<\/p>\n<p>\u540c\u7c7b\u5c01\u95ed\u5f0f\u57fa\u91d1 Destiny Tech100 \u5df2\u4e8e 2024 \u5e74 3 \u6708\u4e0a\u5e02\u3002\u76f4\u63a5\u4e0a\u5e02\u65f6\uff0c\u8be5\u57fa\u91d1\u6301\u6709 23 \u5bb6\u672a\u4e0a\u5e02\u4f01\u4e1a\u80a1\u6743\uff0c\u4ef7\u503c\u7ea6 5260 \u4e07\u7f8e\u5143\u3002\u80a1\u7968\u5f00\u76d8\u4ef7 8.25 \u7f8e\u5143\uff0c\u6700\u9ad8\u89e6\u53ca\u7ea6 105 \u7f8e\u5143\uff0c\u5e02\u503c\u8d85 10 \u4ebf\u7f8e\u5143\uff0c\u76ee\u524d\u80a1\u4ef7\u7ea6 30 \u7f8e\u5143\u3002<\/p>\n<p>\u82f1\u56fd\u4e5f\u6709\u591a\u53ea\u5c01\u95ed\u5f0f\u57fa\u91d1\uff0c\u5305\u62ec Chrysalis Investments \u4ee5\u53ca\u8d1d\u5229\u5409\u798f\u5fb7\u65d7\u4e0b\u7684\u82cf\u683c\u5170\u62b5\u62bc\u8d37\u6b3e\u6295\u8d44\u4fe1\u6258\u3002\u8be5\u4fe1\u6258\u6301\u6709 SpaceX\u3001<span><a href=\"https:\/\/stock.finance.sina.com.cn\/usstock\/quotes\/TSM.html\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u53f0\u79ef\u7535<\/a><\/span><span><\/span>\u3001Stripe \u7b49\u516c\u53f8\u80a1\u6743\uff0c\u81ea 2023 \u5e74\u4ee5\u6765\u80a1\u4ef7\u8f83 NAV \u6298\u4ef7\u7ea6 20%\u30022020 \u5e74\u4ee5\u6765\u5176\u8868\u73b0\u4ecd\u8d85\u8fc7 95% \u7684\u540c\u884c\u3002<\/p>\n<p>\u8d23\u4efb\u7f16\u8f91\uff1a\u90ed\u660e\u715c <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6301\u6709\u5b89\u675c\u91cc\u5c14\u5de5\u4e1a\u3001SpaceX\u3001OpenAI \u53ca Anthropic \u80a1\u6743\u7684Powerlaw Corp \u57fa\u91d1\uff0c [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[4],"tags":[57,378,71,195,148,333,131,241,103,69,367,144,192,156],"views":26,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/726291"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=726291"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/726291\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=726291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=726291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=726291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}