SpaceX options listing set for Tuesday as exchanges and brokerages brace for retail trading activity
By
Oliver Renick
7h ago· 4 min readenNews
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Summary
The article discusses the upcoming listing of SpaceX options on major exchanges like Cboe and Nasdaq, and the potential impact on brokerages like Robinhood. It draws parallels between the speculative trading frenzy seen with AI companies and what might happen with SpaceX. A veteran trader, Paul Rowady, notes that Robinhood's zero-commission trading model helped fuel retail speculation in Tesla and Elon Musk's rise, questioning whether SpaceX will see similar speculative vigor from retail traders.
Key quotes
· 3 pulledRobinhood sort of created Elon Musk, if you look at the hockey-stick chart of Tesla since November 2019 when everyone adopted zero-commission trading
If Robinhood didn't scare everyone
For exchanges like Cboe and Nasdaq, which together handled almost 60% of all options flows last year, and brokerages like Robinhood, where options trading accounts for roughly a quarter of total revenue, this isn't the follow-on act; it's the main event.
Will speculators approach SpaceX with the same vigor they've had for the major AI players of the past year?
