{"id":11064,"date":"2026-05-01T15:43:44","date_gmt":"2026-05-01T08:43:44","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/blue-owl-va-thuong-vu-spacex-khi-tin-dung-tu-nhan-khai-pha-mo-vang-co-phieu\/"},"modified":"2026-05-03T14:57:59","modified_gmt":"2026-05-03T07:57:59","slug":"blue-owl-va-thuong-vu-spacex-khi-tin-dung-tu-nhan-khai-pha-mo-vang-co-phieu","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/01\/blue-owl-va-thuong-vu-spacex-khi-tin-dung-tu-nhan-khai-pha-mo-vang-co-phieu\/","title":{"rendered":"Blue Owl v\u00e0 th\u01b0\u01a1ng v\u1ee5 SpaceX: Khi t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n khai ph\u00e1 m\u1ecf v\u00e0ng c\u1ed5 phi\u1ebfu"},"content":{"rendered":"
\n

Trong th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh n\u01a1i d\u00f2ng ti\u1ec1n lu\u00f4n ch\u1ea3y v\u1ec1 nh\u1eefng b\u1ebfn \u0111\u1ed7 an to\u00e0n, th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n (private credit) v\u1ed1n d\u0129 b\u1ecb m\u1eb7c \u0111\u1ecbnh l\u00e0 m\u1ed9t “l\u00e3nh \u0111\u1ecba” kh\u00f4 khan c\u1ee7a nh\u1eefng kho\u1ea3n vay c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh. Tuy nhi\u00ean, \u0111\u1ee3t b\u00f9ng n\u1ed5 10% c\u1ee7a c\u1ed5 phi\u1ebfu Blue Owl sau khi c\u00f4ng b\u1ed1 kho\u1ea3n l\u1ee3i nhu\u1eadn g\u1ea5p 10 l\u1ea7n t\u1eeb th\u01b0\u01a1ng v\u1ee5 SpaceX \u0111\u00e3 th\u1ef1c s\u1ef1 \u0111\u00e1nh th\u1ee9c th\u1ecb tr\u01b0\u1eddng. \u0110\u00e2y kh\u00f4ng c\u00f2n l\u00e0 c\u00e2u chuy\u1ec7n v\u1ec1 nh\u1eefng con s\u1ed1 trong b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n th\u00f4ng th\u01b0\u1eddng, m\u00e0 l\u00e0 minh ch\u1ee9ng cho m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c “lai” \u0111\u1ea7y tinh qu\u00e1i: d\u00f9ng t\u00edn d\u1ee5ng l\u00e0m \u0111\u00f2n b\u1ea9y \u0111\u1ec3 n\u1eafm l\u1ea5y nh\u1eefng t\u00e0i s\u1ea3n c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng \u0111\u1ed9t bi\u1ebfn. Trong b\u1ed1i c\u1ea3nh c\u00e1c doanh nghi\u1ec7p ph\u1ea7n m\u1ec1m \u0111ang \u0111\u1ed1i m\u1eb7t v\u1edbi l\u00e0n s\u00f3ng \u0111\u00e0o th\u1ea3i do s\u1ef1 tr\u1ed7i d\u1eady c\u1ee7a AI, s\u1ef1 kh\u00f4n ngoan trong vi\u1ec7c \u0111\u1eb7t c\u01b0\u1ee3c v\u00e0o SpaceX c\u1ee7a Blue Owl \u0111\u00e3 v\u1ebd n\u00ean m\u1ed9t t\u01b0\u01a1ng lai kh\u00e1c bi\u1ec7t cho c\u00e1c qu\u1ef9 t\u00edn d\u1ee5ng hi\u1ec7n \u0111\u1ea1i.<\/p>\n

\n \"Th\u1ecb
\u1ea2nh t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/figcaption><\/figure>\n

B\u1ea3n ch\u1ea5t c\u1ee7a m\u1ed9t cu\u1ed9c ch\u01a1i lai gi\u1eefa n\u1ee3 v\u00e0 v\u1ed1n<\/h2>\n

Vi\u1ec7c c\u00e1c qu\u1ef9 t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n nh\u01b0 Blue Owl n\u1eafm gi\u1eef c\u1ed5 phi\u1ebfu kh\u00f4ng c\u00f2n l\u00e0 m\u1ed9t hi\u1ec7n t\u01b0\u1ee3ng l\u1ea1, nh\u01b0ng c\u00e1ch h\u1ecd bi\u1ebfn m\u1ed9t kho\u1ea3n n\u1ee3 \u0111\u01a1n thu\u1ea7n tr\u1edf th\u00e0nh t\u1ea5m v\u00e9 v\u00e0ng s\u1edf h\u1eefu ph\u1ea7n v\u1ed1n g\u00f3p t\u1ea1i m\u1ed9t “g\u00e3 kh\u1ed5ng l\u1ed3” c\u00f4ng ngh\u1ec7 v\u0169 tr\u1ee5 nh\u01b0 SpaceX ch\u00ednh l\u00e0 ngh\u1ec7 thu\u1eadt t\u00e0i ch\u00ednh c\u1ea5p cao. \u1ede \u0111\u00f3, c\u00f4ng th\u1ee9c th\u00e0nh c\u00f4ng kh\u00f4ng n\u1eb1m \u1edf vi\u1ec7c \u0111\u00f2i l\u00e3i su\u1ea5t, m\u00e0 l\u00e0 kh\u1ea3 n\u0103ng th\u1ea5u hi\u1ec3u DNA c\u1ee7a doanh nghi\u1ec7p ngay t\u1eeb khi h\u1ecd v\u1eabn \u0111ang c\u1ea7n v\u1ed1n \u0111\u1ec3 hi\u1ec7n th\u1ef1c h\u00f3a nh\u1eefng t\u1ea7m nh\u00ecn vi\u1ec5n t\u01b0\u1edfng. Khi ban l\u00e3nh \u0111\u1ea1o Blue Owl x\u00e1c nh\u1eadn \u0111\u00e3 thu h\u1ed3i g\u1ea5p 10 l\u1ea7n gi\u00e1 tr\u1ecb \u0111\u1ea7u t\u01b0 v\u00e0 v\u1eabn c\u00f2n gi\u1eef l\u1ea1i m\u1ed9t ph\u1ea7n v\u1ecb th\u1ebf, h\u1ecd \u0111ang g\u1eedi m\u1ed9t th\u00f4ng \u0111i\u1ec7p \u0111anh th\u00e9p t\u1edbi th\u1ecb tr\u01b0\u1eddng: t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n gi\u1edd \u0111\u00e2y \u0111\u00e3 ti\u1ebfn h\u00f3a th\u00e0nh m\u1ed9t th\u1ef1c th\u1ec3 “lai” m\u1ea1nh m\u1ebd, n\u01a1i kh\u1ea3 n\u0103ng ch\u1ecbu r\u1ee7i ro \u0111\u01b0\u1ee3c b\u00f9 \u0111\u1eafp x\u1ee9ng \u0111\u00e1ng b\u1eb1ng ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng v\u1ed1n.<\/p>\n

S\u1ef1 ki\u1ec7n n\u00e0y kh\u00f4ng ch\u1ec9 \u0111\u01a1n thu\u1ea7n l\u00e0 m\u1ed9t th\u01b0\u01a1ng v\u1ee5 th\u00e0nh c\u00f4ng \u0111\u01a1n l\u1ebb. N\u00f3 cho th\u1ea5y c\u00e1ch c\u00e1c \u0111\u1ecbnh ch\u1ebf t\u00e0i ch\u00ednh l\u1edbn \u0111ang t\u00e1i \u0111\u1ecbnh v\u1ecb m\u00ecnh trong m\u1ed9t n\u1ec1n kinh t\u1ebf \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng. Khi c\u00e1c c\u00f4ng ty ph\u1ea7n m\u1ec1m truy\u1ec1n th\u1ed1ng \u0111ang v\u1eadt l\u1ed9n v\u1edbi nh\u1eefng “c\u01a1n gi\u00f3 ng\u01b0\u1ee3c” t\u1eeb m\u00f4 h\u00ecnh AI m\u1edbi \u2013 th\u1ee9 c\u00f3 th\u1ec3 x\u00f3a s\u1ed5 nh\u1eefng l\u1ee3i th\u1ebf c\u1ea1nh tranh c\u0169 k\u1ef9 \u2013 th\u00ec vi\u1ec7c s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu t\u1ea1i nh\u1eefng \u0111\u01a1n v\u1ecb \u0111\u1ed9t ph\u00e1 nh\u01b0 SpaceX ch\u00ednh l\u00e0 t\u1ea5m l\u00e1 ch\u1eafn b\u1ea3o hi\u1ec3m ho\u00e0n h\u1ea3o. N\u00f3 gi\u00fap c\u00e2n b\u1eb1ng l\u1ea1i danh m\u1ee5c, t\u1ea1o ra bi\u00ean \u0111\u1ed9 an to\u00e0n c\u1ea7n thi\u1ebft \u0111\u1ec3 b\u00f9 \u0111\u1eafp cho nh\u1eefng kho\u1ea3n n\u1ee3 c\u00f3 nguy c\u01a1 v\u1ee1 n\u1ee3, \u0111\u1ed3ng th\u1eddi m\u1edf ra nh\u1eefng c\u01a1 h\u1ed9i M&A ti\u1ec1m n\u0103ng trong t\u01b0\u01a1ng lai.<\/p>\n

L\u1eb1n ranh m\u1ecfng manh gi\u1eefa an to\u00e0n v\u1ed1n v\u00e0 c\u01a1n kh\u00e1t l\u1ee3i nhu\u1eadn<\/h2>\n

Th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh hi\u1ec7n nay \u0111ang ch\u1ee9ng ki\u1ebfn m\u1ed9t s\u1ef1 chuy\u1ec3n d\u1ecbch tinh t\u1ebf trong t\u01b0 duy qu\u1ea3n l\u00fd t\u00e0i s\u1ea3n. C\u00e1c gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh c\u1ee7a Blue Owl kh\u00f4ng ch\u1ec9 \u0111\u00f3ng vai tr\u00f2 l\u00e0 nh\u1eefng ch\u1ee7 n\u1ee3, m\u00e0 h\u1ecd \u0111\u00e3 tr\u1edf th\u00e0nh nh\u1eefng \u0111\u1ed1i t\u00e1c chi\u1ebfn l\u01b0\u1ee3c. Qu\u00e1 tr\u00ecnh th\u1ea5u hi\u1ec3u doanh nghi\u1ec7p th\u00f4ng qua c\u00e1c cu\u1ed9c h\u1ed9i tho\u1ea1i v\u1ec1 v\u1ed1n \u0111\u00e3 cho ph\u00e9p h\u1ecd nh\u1eadn di\u1ec7n \u0111\u01b0\u1ee3c \u0111\u00e2u l\u00e0 c\u01a1 h\u1ed9i “ng\u00e0n n\u0103m c\u00f3 m\u1ed9t”. Vi\u1ec7c SpaceX ti\u1ebfn g\u1ea7n \u0111\u1ebfn m\u1ed9t \u0111\u1ee3t IPO quy m\u00f4 k\u1ef7 l\u1ee5c kh\u00f4ng ch\u1ec9 l\u00e0 tin vui cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n m\u00e0 l\u00e0 m\u1ed9t c\u1ed9t m\u1ed1c l\u1ecbch s\u1eed cho c\u00e1c qu\u1ef9 t\u00edn d\u1ee5ng. Nh\u1eefng g\u00ec ch\u00fang ta \u0111ang th\u1ea5y l\u00e0 m\u1ed9t cu\u1ed9c chuy\u1ec3n giao quy\u1ec1n l\u1ef1c ng\u1ea7m: t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n kh\u00f4ng c\u00f2n \u0111\u1ee9ng b\u00ean l\u1ec1 cu\u1ed9c ch\u01a1i IPO m\u00e0 \u0111\u00e3 tr\u1ef1c ti\u1ebfp nh\u00fang tay v\u00e0o vi\u1ec7c \u0111\u1ecbnh h\u00ecnh gi\u00e1 tr\u1ecb doanh nghi\u1ec7p tr\u01b0\u1edbc ng\u00e0y ni\u00eam y\u1ebft.<\/p>\n

Tuy nhi\u00ean, s\u1ef1 h\u01b0ng ph\u1ea5n n\u00e0y c\u0169ng \u0111\u1eb7t ra nh\u1eefng c\u00e2u h\u1ecfi v\u1ec1 t\u00ednh b\u1ec1n v\u1eefng. Khi c\u00e1c qu\u1ef9 t\u00edn d\u1ee5ng b\u1eaft \u0111\u1ea7u “l\u1ea5n s\u00e2n” qu\u00e1 s\u00e2u v\u00e0o th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu, ranh gi\u1edbi gi\u1eefa m\u1ed9t nh\u00e0 cho vay th\u1eadn tr\u1ecdng v\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m tr\u1edf n\u00ean mong manh h\u01a1n bao gi\u1edd h\u1ebft. M\u1eb7c d\u00f9 Blue Owl kh\u1eb3ng \u0111\u1ecbnh v\u1eabn c\u00f2n m\u1ed9t l\u01b0\u1ee3ng “\u0111\u1ec7m” t\u00e0i ch\u00ednh kh\u1ed5ng l\u1ed3 \u0111\u1ec3 b\u1ea3o v\u1ec7 tr\u01b0\u1edbc nh\u1eefng t\u1ed5n th\u1ea5t, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng v\u1eabn gi\u1eef m\u1ed9t s\u1ef1 ho\u00e0i nghi nh\u1ea5t \u0111\u1ecbnh. C\u00e2u chuy\u1ec7n t\u1ea1i \u0111\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 SpaceX, m\u00e0 l\u00e0 kh\u1ea3 n\u0103ng th\u00edch nghi c\u1ee7a h\u1ec7 th\u1ed1ng qu\u1ea3n tr\u1ecb r\u1ee7i ro tr\u01b0\u1edbc nh\u1eefng c\u01a1n b\u00e3o bi\u1ebfn \u0111\u1ed9ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ph\u1ea7n m\u1ec1m. Nh\u1eefng con s\u1ed1 v\u1ec1 bi\u00ean l\u1ee3i nhu\u1eadn ph\u00ed (fee-related earnings) \u1edf m\u1ee9c 58,5% cho th\u1ea5y Blue Owl v\u1eabn duy tr\u00ec \u0111\u01b0\u1ee3c k\u1ef7 lu\u1eadt t\u00e0i ch\u00ednh nghi\u00eam ng\u1eb7t ngay c\u1ea3 khi th\u1ecb tr\u01b0\u1eddng \u0111ang “m\u1ec1m” \u0111i, \u0111\u00e2y ch\u00ednh l\u00e0 b\u1ea3o ch\u1ee9ng cho uy t\u00edn c\u1ee7a m\u1ed9t \u0111\u1ecbnh ch\u1ebf l\u1edbn.<\/p>\n

T\u1ea7m nh\u00ecn chi\u1ebfn l\u01b0\u1ee3c cho nh\u1eefng l\u00e0n s\u00f3ng ni\u00eam y\u1ebft s\u1eafp t\u1edbi<\/h2>\n

Khi nh\u00ecn v\u1ec1 t\u01b0\u01a1ng lai 3 \u0111\u1ebfn 6 th\u00e1ng t\u1edbi, kh\u00f4ng th\u1ec3 ph\u1ee7 nh\u1eadn r\u1eb1ng s\u1ee9c h\u00fat c\u1ee7a c\u00e1c th\u01b0\u01a1ng v\u1ee5 nh\u01b0 SpaceX s\u1ebd ti\u1ebfp t\u1ee5c l\u00e0m n\u00f3ng c\u00e1c di\u1ec5n \u0111\u00e0n \u0111\u1ea7u t\u01b0. \u0110\u1ed1i v\u1edbi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n, b\u00e0i h\u1ecdc \u1edf \u0111\u00e2y l\u00e0 s\u1ef1 ki\u00ean nh\u1eabn. S\u1ef1 t\u0103ng v\u1ecdt 10% trong phi\u00ean giao d\u1ecbch sau khi th\u00f4ng tin \u0111\u01b0\u1ee3c ti\u1ebft l\u1ed9 cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng v\u1eabn \u0111ang khao kh\u00e1t nh\u1eefng c\u00e2u chuy\u1ec7n t\u0103ng tr\u01b0\u1edfng \u0111\u1ed9t ph\u00e1 trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t cao v\u00e0 t\u0103ng tr\u01b0\u1edfng kinh t\u1ebf ch\u1eadm l\u1ea1i. D\u00f2ng ti\u1ec1n hi\u1ec7n nay kh\u00f4ng c\u00f2n t\u00ecm \u0111\u1ebfn nh\u1eefng kho\u1ea3n \u0111\u1ea7u t\u01b0 trung t\u00ednh, n\u00f3 \u0111ang t\u00ecm ki\u1ebfm nh\u1eefng “k\u1ebb chi\u1ebfn th\u1eafng” c\u00f3 kh\u1ea3 n\u0103ng xoay chuy\u1ec3n c\u1ee5c di\u1ec7n, nh\u1eefng \u0111\u01a1n v\u1ecb c\u00f3 kh\u1ea3 n\u0103ng bi\u1ebfn n\u1ee3 th\u00e0nh v\u1ed1n v\u00e0 bi\u1ebfn r\u1ee7i ro th\u00e0nh di s\u1ea3n.<\/p>\n

\u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ea1i taichinhphowall.com, b\u00e0i h\u1ecdc quan tr\u1ecdng nh\u1ea5t kh\u00f4ng n\u1eb1m \u1edf vi\u1ec7c “\u0103n theo” \u0111\u00e0 t\u0103ng c\u1ee7a c\u1ed5 phi\u1ebfu Blue Owl, m\u00e0 l\u00e0 vi\u1ec7c hi\u1ec3u c\u00e1ch c\u00e1c d\u00f2ng v\u1ed1n l\u1edbn \u0111ang d\u1ecbch chuy\u1ec3n. Ch\u00fang ta \u0111ang b\u01b0\u1edbc v\u00e0o m\u1ed9t k\u1ef7 nguy\u00ean m\u00e0 s\u1ef1 k\u1ebft n\u1ed1i gi\u1eefa c\u00e1c th\u01b0\u01a1ng v\u1ee5 M&A, c\u00e1c \u0111\u1ee3t IPO \u0111\u00ecnh \u0111\u00e1m v\u00e0 c\u00e1c kho\u1ea3n t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n tr\u1edf n\u00ean g\u1eafn b\u00f3 h\u1eefu c\u01a1. Vi\u1ec7c m\u1ed9t c\u00f4ng ty t\u00edn d\u1ee5ng c\u00f4ng khai c\u00e1c kho\u1ea3n l\u00e3i kh\u1ee7ng t\u1eeb c\u1ed5 phi\u1ebfu t\u01b0 nh\u00e2n l\u00e0 t\u00edn hi\u1ec7u cho th\u1ea5y c\u00e1c “c\u00e1 m\u1eadp” \u0111ang b\u1eaft \u0111\u1ea7u l\u1ed9 di\u1ec7n sau m\u1ed9t th\u1eddi gian d\u00e0i t\u00edch l\u0169y. H\u00e3y quan s\u00e1t th\u1eadt k\u1ef9 c\u00e1c danh m\u1ee5c \u0111\u1ea7u t\u01b0 c\u00f3 \u0111\u1ed9 tr\u1ec5 nh\u01b0ng \u0111\u1ea7y ti\u1ec1m n\u0103ng, b\u1edfi \u0111\u00f3 ch\u00ednh l\u00e0 n\u01a1i d\u00f2ng ti\u1ec1n th\u00f4ng minh \u0111ang th\u1ef1c s\u1ef1 tr\u00fa ng\u1ee5.<\/p>\n

L\u1eddi khuy\u00ean th\u1ef1c chi\u1ebfn trong k\u1ef7 nguy\u00ean bi\u1ebfn \u0111\u1ed9ng<\/h2>\n

Khi \u0111\u1ee9ng tr\u01b0\u1edbc nh\u1eefng c\u01a1 h\u1ed9i \u0111\u01b0\u1ee3c b\u00f3c t\u00e1ch t\u1eeb c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a nh\u1eefng g\u00e3 kh\u1ed5ng l\u1ed3 t\u00e0i ch\u00ednh, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u1ea7n gi\u1eef m\u1ed9t c\u00e1i \u0111\u1ea7u l\u1ea1nh. S\u1ef1 ki\u1ec7n Blue Owl l\u00e0 m\u1ed9t b\u00e0i h\u1ecdc v\u1ec1 gi\u00e1 tr\u1ecb c\u1ee7a s\u1ef1 th\u1ea5u hi\u1ec3u \u2013 th\u1ee9 m\u00e0 thu\u1eadt to\u00e1n hay c\u00e1c ch\u1ec9 b\u00e1o k\u1ef9 thu\u1eadt \u0111\u01a1n thu\u1ea7n kh\u00f4ng th\u1ec3 thay th\u1ebf \u0111\u01b0\u1ee3c. Tr\u01b0\u1edbc khi quy\u1ebft \u0111\u1ecbnh xu\u1ed1ng ti\u1ec1n, h\u00e3y t\u1ef1 h\u1ecfi: B\u1ea1n \u0111ang n\u1eafm gi\u1eef m\u1ed9t kho\u1ea3n n\u1ee3, hay b\u1ea1n \u0111ang n\u1eafm gi\u1eef m\u1ed9t t\u1ea5m v\u00e9 s\u1edf h\u1eefu t\u01b0\u01a1ng lai c\u1ee7a doanh nghi\u1ec7p \u0111\u00f3? Trong m\u1ed9t th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh m\u00e0 c\u00e1c ranh gi\u1edbi \u0111ang d\u1ea7n x\u00f3a nh\u00f2a, vi\u1ec7c l\u1ef1a ch\u1ecdn \u0111\u00fang \u0111\u1ed1i t\u00e1c, \u0111\u00fang qu\u1ef9 v\u00e0 \u0111\u00fang th\u1eddi \u0111i\u1ec3m ch\u00ednh l\u00e0 chi\u1ebfc ch\u00eca kh\u00f3a duy nh\u1ea5t \u0111\u1ec3 b\u1ea3o to\u00e0n t\u00e0i s\u1ea3n v\u00e0 gia t\u0103ng l\u1ee3i nhu\u1eadn b\u1ec1n v\u1eefng.<\/p>\n

Th\u1ecb tr\u01b0\u1eddng s\u1ebd c\u00f2n nh\u1eefng \u0111\u1ee3t rung l\u1eafc, \u0111\u1eb7c bi\u1ec7t l\u00e0 khi c\u00e1c m\u00f4 h\u00ecnh AI ti\u1ebfp t\u1ee5c t\u00e1i \u0111\u1ecbnh ngh\u0129a b\u1ea3n \u0111\u1ed3 kinh doanh c\u1ee7a c\u00e1c c\u00f4ng ty ph\u1ea7n m\u1ec1m. Tuy nhi\u00ean, ch\u00ednh trong nh\u1eefng giai \u0111o\u1ea1n “nhi\u1ec5u s\u00f3ng” \u0111\u00f3, c\u00e1c c\u01a1 h\u1ed9i nh\u01b0 SpaceX m\u1edbi tr\u1edf n\u00ean r\u00f5 r\u1ec7t h\u01a1n bao gi\u1edd h\u1ebft. \u0110\u1eebng \u0111\u1ec3 nh\u1eefng bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n che m\u1edd t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n. H\u00e3y t\u1eadp trung v\u00e0o n\u1ed9i l\u1ef1c c\u1ee7a doanh nghi\u1ec7p, v\u00e0o kh\u1ea3 n\u0103ng th\u00edch nghi c\u1ee7a ban l\u00e3nh \u0111\u1ea1o v\u00e0 quan tr\u1ecdng nh\u1ea5t l\u00e0 v\u00e0o c\u1ea5u tr\u00fac th\u01b0\u01a1ng v\u1ee5 m\u00e0 h\u1ecd \u0111ang th\u1ef1c hi\u1ec7n. \u0110\u00f3 l\u00e0 c\u00e1ch ch\u00fang ta, nh\u1eefng ng\u01b0\u1eddi quan s\u00e1t v\u00e0 \u0111\u1ea7u t\u01b0 t\u1ea1i taichinhphowall.com, c\u00f3 th\u1ec3 x\u00e2y d\u1ef1ng m\u1ed9t v\u1ecb th\u1ebf v\u1eefng ch\u1eafc trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111\u1ea7y r\u1eaby nh\u1eefng “\u1ea9n s\u1ed1” th\u00fa v\u1ecb n\u00e0y.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: cnbc.com<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trong th\u1ebf gi\u1edbi t\u00e0i ch\u00ednh n\u01a1i d\u00f2ng ti\u1ec1n lu\u00f4n ch\u1ea3y v\u1ec1 nh\u1eefng b\u1ebfn \u0111\u1ed7 an to\u00e0n, th\u1ecb tr\u01b0\u1eddng t\u00edn d\u1ee5ng t\u01b0 nh\u00e2n (private credit) v\u1ed1n d\u0129 b\u1ecb m\u1eb7c \u0111\u1ecbnh l\u00e0 m\u1ed9t “l\u00e3nh \u0111\u1ecba” kh\u00f4 khan c\u1ee7a nh\u1eefng kho\u1ea3n vay c\u00f3 l\u00e3i su\u1ea5t c\u1ed1 \u0111\u1ecbnh. Tuy nhi\u00ean, \u0111\u1ee3t b\u00f9ng n\u1ed5 10% c\u1ee7a c\u1ed5 phi\u1ebfu Blue Owl […]<\/p>\n","protected":false},"author":1,"featured_media":11063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-11064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoang-my-va-pho-wall"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=11064"}],"version-history":[{"count":1,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11064\/revisions"}],"predecessor-version":[{"id":12162,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/11064\/revisions\/12162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/11063"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=11064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=11064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=11064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}