CME Group announced on June 30 that it will launch single stock futures covering more than 50 major US equities on July 27, pending regulatory approval. The lineup includes Tesla, SpaceX, Nvidia, Apple, Amazon, Alphabet, and Meta, among others.
The offering comprises 55 standard-sized contracts and 22 micro-sized contracts, all financially settled. For crypto, it’s a direct competitive shot at platforms that have been trading synthetic versions of these same assets for months.
SpaceX goes from private darling to derivatives magnet
The inclusion of SpaceX is the headline grabber here, and for good reason. The company completed its IPO on June 12, pricing shares at $135 and raising approximately $75 billion. That made it the largest initial public offering in history.
SpaceX now trades under the ticker SPCX on Nasdaq with an initial market valuation estimated between $1.75 trillion and $1.8 trillion.
