SpaceX Shatters Facebook's 14-Year Options Record by Over 4X

SpaceX has seen unprecedented activity from traders and speculators, with over 1.6 million options contracts traded in a single day, shattering the previous record set by Facebook (META) 14 years ago by more than four times.

Details

According to a report by Moneywise, this new record reflects market enthusiasm for SpaceX following the largest initial public offering (IPO) in history. The IPO made Elon Musk, the company's founder, the world's first trillionaire.

Context

This surge in SpaceX options comes amid growing interest in options markets from both retail and institutional investors. The previous record was held by Facebook (META) since 2012, when approximately 400,000 options contracts were traded in a single day.

What This Means for Investors

Although SpaceX is not yet a publicly traded company, the trading of its options in unofficial markets indicates strong demand for exposure to the company. Investors should exercise caution due to the unconventional nature of such trading and the associated high risks.