SpaceX Shares Jump 11% Premarket Ahead of Options Debut

According to reports, SpaceX (SPCX) shares jumped 11% in premarket trading on Tuesday ahead of the stock's options debut. The blockbuster IPO had already sent shares soaring more than 40% above its $135 offering price on Monday, pushing the company's market cap above $2.5 trillion and adding $420 billion in value in a single session.

Options trading is expected to launch Tuesday amid a week packed with market catalysts, including the Federal Reserve policy meeting and triple witching expiration. Meanwhile, veteran short seller Jim Chanos warned that SpaceX's roughly 110x revenue valuation reflects AI-based expectations rather than current operations, noting that investors have historically struggled to profit from stocks valued over 100x revenues.