SpaceX (SPCX-US) Options Debut Shows Divided Investor Outlook After 50% Stock Surge

SpaceX (SPCX-US) options trading debuted with high volume, reflecting sharply divided investor expectations following its stock's approximate 50% surge since its IPO on June 12, 2026. Market analysis indicates significant upside and downside risks for the aerospace firm. Susquehanna strategist Chris Murphy noted on Tuesday, June 16, 2026, that SpaceX call options ranked fifth in overall market trading volume. Susquehanna's analysis suggests a roughly 15% probability of SpaceX's stock rising another 50% by September 2026, alongside a 13% chance of a 50% decline. Murphy described the options pricing for extreme moves as "too expensive to buy, yet too risky to sell." SpaceX's market capitalization has already surpassed Amazon (AMZN-US) and approaches Microsoft (MSFT-US). Investors are grappling with the company's high valuation and the need for its fundamentals to align with market enthusiasm.