MIAX to List SpaceX Options After Stock Hits $3 Trillion Valuation
MIAX•MIAX plans to begin trading SpaceX options contracts early next week, joining Cboe and Nasdaq as SpaceX’s stock value surged by 17% to nearly $3 trillion after its record IPO. The options listing coincides with SpaceX’s formal takeover of AI coding startup Cursor in a $60 billion deal.
1. SpaceX Stock Surge
SpaceX shares jumped as much as 17% on Tuesday, extending gains since its record-breaking IPO and pushing the company’s market capitalisation to nearly $3 trillion, surpassing Amazon by $300 billion and Microsoft by $20 billion.
2. AI Startup Acquisition
SpaceX has formally agreed to acquire AI coding startup Cursor in a transaction valuing Cursor at $60 billion, with investors set to receive SpaceX shares based on the implied equity value of the startup.
3. Options Listing on MIAX
Options contracts on SpaceX will begin trading on MIAX early next week, alongside Cboe and Nasdaq, marking the debut of SpaceX options on Miami International Holdings’ exchange and potentially boosting MIAX trading volumes and fee revenues.
