SpaceX Options to Begin Trading on Tuesday After IPO

Options contracts on Space Exploration Technologies Corp. will begin trading Tuesday after shares began trading on Friday.

Shares of SpaceX, which raised $75 billion at a $1.765 trillion valuation, opened at $150, above the initial public offering price of $135. Options will trade on exchanges including Cboe Global Markets, the largest options exchange operator in the US, and Nasdaq Inc, which today listed the rocket company in the largest IPO, spokespeople confirmed.

There will likely be high demand for the derivatives, which give investors the chance to speculate on the future moves in the stock or insure against a drop. ...