SpaceX Options Hit 1.8 Million Contracts, Overtakes Amazon in Market Cap
AMZN•SpaceX options traded a record 1.8 million contracts on their first day of availability, overtaking Meta’s previous high and briefly lifting SpaceX’s market capitalization above Amazon’s following its $86 billion IPO. Activity has since cooled to around 700,000–800,000 daily contracts, yet SpaceX remains among the top ten most active single-stock options.
1. Record Options Volume Drives SpaceX FOMO
On the first trading day of SpaceX options, investors executed 1.8 million contracts—shattering the prior single-day record held by Meta. This surge reflected pent-up demand from retail traders unable to participate in the IPO and institutional hedgers entering large collar positions.
2. SpaceX Tops Amazon in Market Valuation
Following its blockbuster IPO, SpaceX’s valuation briefly surpassed Amazon’s, peaking above $2 trillion. The stock’s secondary listing and accelerated options launch fueled headlines around the new tech titan’s rapid ascent.
3. Activity Cools but Remains Elevated
After ranking as the third most active single-stock options name for four days, SpaceX has settled into eighth place with an expected 700,000 to 800,000 contracts traded daily. The trend suggests sustained interest, with plans to introduce short-term expirations in coming months.
