Meta Platforms Inc.META
Mentioned
Impact on stocks 2
Spatial Computing / AR/VR
Meta Platforms Inc.Space Economy
Meta Platforms Inc.SpaceX options began trading on Tuesday and saw more than 1.6 million contracts change hands on their first day, more than four times the previous first-day record of 364,000 set by Facebook in 2012. The company went public on June 12 at $135 per share in the largest IPO in history, raising roughly $75 billion, and its stock closed around $202 on Tuesday, about 50% above the offering price. The most-traded contract was a call betting the stock would rise to $220 by Thursday, while a September put was the most popular contract not expiring within days, which analysts read as hedging ahead of an early lock-up expiration. The surge in options activity reflects the explosion of retail trading since the pandemic, fueled by zero-commission apps and same-day expiry contracts, and SpaceX reserved 30% of its IPO shares for retail buyers. Elon Musk's fortune reached about $1.4 trillion on Tuesday, making him the world's first trillionaire on paper.
Meta Platforms Inc.