Options volumes are booming in stocks with ties to SpaceX ahead of Friday's historic debut.

Most of the value in SpaceX's IPO is effectively a call option on the company's ambitious space data center plans.

Analysts initiate coverage of SpaceX stock with buy rating, bullish price targets. But demand for shares vastly outweighs supply.

SpaceX options contracts will commence trading Tuesday, following the company's successful IPO where shares opened at $150, exceeding the $135 offering price. High demand for…