Key facts
- SpaceX options trading is expected to begin as soon as Tuesday.
- The company's stock saw significant gains following its IPO.
- Market participants anticipate heavy, volatile, and expensive activity in SpaceX options.
- SpaceX plans a staged system for share resale eligibility to avoid a large wave of shares hitting the market at once.
- SpaceX is expected to be added to major equity indexes like the Nasdaq 100.
- Elon Musk projected SpaceX could generate $1 trillion in revenue by 2030.
Options trading for SpaceX is set to begin as soon as Tuesday, with expectations of heavy, volatile, and expensive activity. The company's stock surged following its initial public offering, with Elon Musk projecting $1 trillion in revenue by 2030.
Market participants are comparing SpaceX's potential volatility to that of Tesla, citing Tesla's five-year beta of 1.81. Several events in the coming weeks could influence SpaceX's share price, including the expiration of investor holding periods, the inclusion in major stock indexes, and its first earnings report as a public company.
SpaceX's IPO included a greenshoe option allowing Morgan Stanley to purchase an additional 15% of its stock at the IPO price. The company reported a $4.94 billion loss on $18.7 billion in revenue last year, leading to debate about its valuation, which surpassed $2 trillion post-IPO. Some investors believe the stock is currently being traded rather than invested in, due to its high-profile nature and marketing.