SpaceX Valuation Tops $2.5 Trillion as Options Trading Launches
SPCX•SpaceX stock valuation crossed $2.5T Monday, driven by retail investors speculating on volatility ahead of its first options trading day. Short seller Jim Chanos warns buying shares valued at more than 100 times revenue rarely yields profits, fueling concerns about a potential gamma squeeze in the newly launched options market.
1. Options Trading Launch
SpaceX options began trading today, marking the first time retail investors can take positions on calls and puts tied to the company’s shares. The new derivatives market is expected to amplify price swings as traders bet on near-term volatility and potential squeezes in both directions.
2. Market Valuation Milestone
On Monday, SpaceX’s market capitalization surged past $2.5 trillion, fueled by renewed optimism around its launch schedule and expanding commercial satellite services. This milestone places SpaceX among the highest-valued public companies, underscoring investor appetite for space industry growth.
3. Analyst Concerns
Veteran short seller Jim Chanos cautioned that companies trading above 100 times revenue rarely deliver long-term gains, highlighting risk in SpaceX’s stretched valuation. His warning has intensified debate over whether the newly launched options could trigger a gamma squeeze, driving outsized moves in share price.
