SpaceX (SPCX.O) shares rose more than 10% on Tuesday, pushing the company's market value above Amazon (AMZN.O) to become the world's fifth-largest firm; if gains hold through the close, market cap would be roughly $2.8 trillion. Swissquote senior market analyst Ipek Ozkardeskaya called the valuation "completely nonsensical," saying recent buying looks speculative. Options on SPCX began trading Tuesday with standard monthly expiries and strikes from $25 to $380. SpotGamma founder Brent Kochuba wa

SpaceX (SPCX.O) shares rose more than 10% on Tuesday, pushing the company's market value above Amazon (AMZN.O) to become the world's fifth-largest firm; if gains hold through the close, market cap would be roughly $2.8 trillion. Swissquote senior market analyst Ipek Ozkardeskaya called the valuation "completely nonsensical," saying recent buying looks speculative. Options on SPCX began trading Tuesday with standard monthly expiries and strikes from $25 to $380. SpotGamma founder Brent Kochuba warned that heavy call demand could force market makers to buy SPCX stock amid thin liquidity, said index-related buying may increase next week, and that additional free float is unlikely to reach the market for another 1–2 months.