SpaceX上市：下一个东印度公司？
2026年6月12日，SpaceX在纳斯达克上市，募集750亿美元，估值1.77万亿美元，人类史上最大IPO。马斯克成为人类第一个万亿富翁。但剑桥大学贝内特公共政策学院经济学家阿莱西奥·特尔齐（Alessio Terzi）发表工作论文《Outsourcing the Final Frontier》，将SpaceX与历史上的东印度公司做了六百年数据对比：SpaceX 2025年占全球轨道有效载荷的75%，超过英国东印度公司巅峰时期的72%（1820年代）。上一次有私人公司掌握这种级别的战略性运输技术，是四个世纪之前。
这期视频梳理了论文的四组核心类比，补充了东印度公司真实的历史后果——1770年孟加拉大饥荒（约1000万人死亡）、鸦片战争、印度去工业化——然后提出论文忽略的致命问题：SpaceX的治理结构比东印度公司更危险。马斯克拥有85%投票权、不能被解雇、可以传位给子女、公众股东需要520亿美元才能发起诉讼。
最后回到一个问题：当全球最强国家的太空战略依赖于一个不受任何制约的私人公司，这不仅是美国的问题——这是系统性全球风险。
主要参考：
- Terzi & Marcuzzi, "Outsourcing the Final Frontier" (Cambridge Working Paper, 2026)
- SpaceX S-1 Filing (SEC, 2026.4)
- Harvard Law School Forum, Bebchuk & Kastiel 系列分析
- SpaceNews: Musk-Trump 龙飞船退役威胁事件 (2025.6.6)
- 英国议会 "Parliament and the East India Company" Receive SMS online on sms24.me
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