FP Markets, a global Forex and CFD broker, has expanded its equity offering to include share CFDs for Space Exploration Technologies Corp. (SPCX). The addition is available immediately for trading via FP Markets MetaTrader 5 (MT5) and cTrader platforms. Trading SPCX through CFDs provides clients with exposure to post-IPO volatility, the ability to take both long and short positions, flexible leverage, and access to institutional-grade trading tools.
SpaceX's Record-Breaking IPO
SpaceX made its stock market debut on June 12, initially raising a record US$75 billion. After underwriters exercised the overallotment greenshoe option, the final total raised reached approximately US$86 billion, making it the largest IPO in history. The stock was initially priced at US$135 per share, opened at US$150, and briefly exceeded US$200 on June 16 before collapsing back to test pre-IPO levels.
Historical Context for Large IPOs
Large IPOs often experience depreciation in their first year of trading. This trend was observed with companies like Meta Platforms (META), which declined initially before surging. Analysts suggest SPCX may follow a similar pattern, with potential for recovery if equity bulls step in.
FP Markets Executive Comments
FP Markets Chief Marketing Officer John Lewis expressed enthusiasm: “With the ongoing momentum in the AI trade and global stock indices near all-time highs, demand for high-growth technology companies is unprecedented. Adding SPCX to the CFD offering underscores our commitment to offering investors flexibility and the opportunity to trade a widely watched stock on our broad selection of world-class trading platforms.”
About FP Markets
FP Markets is a global, multi-regulated, award-winning broker established in Sydney, Australia, in 2005. The broker offers over 10,000 CFD instruments across seven asset classes on platforms including MetaTrader 4/5, TradingView, and cTrader. FP Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.
