SpaceX IPO opens Friday with options set to start trading June 16

SpaceX is set to begin trading Friday on the Nasdaq under the ticker SPCX, with options due to start trading June 16 in a compressed launch that traders say will test Wall Street's ability to price and hedge the company. Unlike past blockbuster IPOs, SpaceX has no close public-market peer in large-scale private space launches, leaving investors with few practical proxies to manage risk. CNBC cited traders expecting wide early spreads and elevated implied volatility, with added pressure from leveraged ETF launches, index buying, a Federal Reserve meeting and June options expiration. The BBC reported strong retail interest in Britain ahead of the listing, with UK investors expected to receive about £1.5 billion in shares.