India, June 16 -- Space Exploration Technologies Corp. (SPCX) has been on a remarkable roll since its IPO, briefly exceeding Amazon's market valuation on Tuesday and even outpacing Microsoft at one point. Investors are diving into the stock, especially with the launch of its new options market.
Shares of the company, led by Elon Musk, jumped as much as 10% to hit an intraday high of $225.64, pushing its market cap to over $2.7 trillion.
This marks a significant rise from last week's record-setting IPO and highlights the strong interest from investors in its ventures, which include space exploration, satellite communications, and AI.
Part of this rally is thanks to the start of options trading for SpaceX shares. More than 500,000 options ...