Cboe Global Markets plans to list traditional equity options on SpaceX starting Tuesday, June 16, giving traders their first chance to make leveraged bets on what is now the most valuable company to ever go public. The listing is contingent on final checks and certification from the Options Clearing Corporation.
The timing is aggressive. SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the process, and began trading on Nasdaq under the ticker SPCX on June 12. Four days later, options traders get their turn.
From IPO to options in record time
SpaceX’s post-IPO valuation sits at approximately $1.77 trillion, putting it in the same atmospheric layer as Apple, Microsoft, and Nvidia.
Full contract specifications for the SpaceX options haven’t been publicly released yet. But analysts widely expect heavy interest in short-dated, out-of-the-money contracts, the kind of lottery-ticket trades that tend to attract both institutional speculators and retail traders looking for asymmetric upside on a volatile new listing.
