FP Markets has expanded its equity offering to include share CFDs for Space Exploration Technologies Corp. (SPCX), allowing clients to trade the stock immediately on its MetaTrader 5 (MT5) and cTrader platforms. The addition provides exposure to post-IPO volatility, with options for both long and short positions, flexible leverage, and access to institutional-grade trading tools. This move comes as SpaceX completed its stock market debut on 12 June, raising an initial record US$75 billion.

SpaceX's final IPO total reached approximately US$86 billion after underwriters exercised the overallotment greenshoe option, marking the largest IPO in history. The stock was initially priced at US$135 per share. Demand drove the opening price to US$150, and it briefly surpassed US$200 on 16 June before declining to test pre-IPO levels.

Market Performance and Outlook

Large IPOs often experience depreciation in their first year, a trend observed with companies like Meta Platforms (META). While SPCX could trade beyond its IPO level, historical norms suggest equity bulls may step in to influence the trajectory.

Strategic Expansion

FP Markets Chief Marketing Officer John Lewis stated that the addition underscores the firm's commitment to offering investors flexibility. He cited ongoing momentum in the AI trade and global stock indices near all-time highs as drivers for unprecedented demand for high-growth technology companies.

Key SpaceX IPO Details

FP Markets is a global, multi-regulated broker established in Sydney, Australia in 2005. It offers over 10,000 CFD instruments across seven asset classes on platforms including MetaTrader 4/5, TradingView, and cTrader. The firm is regulated by the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (FSA) in Seychelles, Financial Sector Conduct Authority (FSCA) of South Africa, and Capital Markets Authority (CMA) of Kenya.

Space Exploration Technologies Corp. is experiencing a surge in retail interest driven by fear of missing out (FOMO) rather than fundamental valuation, according to Paisley Nardini, portfolio manager and multi-asset strategist at Simplify Asset Management. Nardini stated that investors are diving into the asset "head first" without fully understanding what they own, as market movements have been heavily influenced by technicals, momentum, and fund flows. This speculative rush mirrors the broader frenzy in the artificial intelligence and technology sectors over the last three years.

The strategist noted that the influx of new exchange-traded funds has provided retail allocators with "exciting, flashy, shiny toys," often at the expense of rigorous balance sheet analysis. Nardini signaled that mainstream retail enthusiasm often peaks when asset prices are already "priced for perfection," a trend that becomes obvious when family members begin asking about gaining access to the SpaceX IPO.

Balancing Portfolio Risk

To navigate a parabolic market environment, Nardini emphasizes the importance of implementing strict risk controls and looking past media headlines. For investors maintaining exposure to high-growth, hype-driven assets, preventing catastrophic portfolio damage relies on disciplined asset allocation. "It all comes down to sizing," Nardini explained, comparing the strategy to handling volatile assets like Bitcoin. While a speculative position of 3% to 5% may be acceptable, increasing that to 30% to 50% significantly alters the risk profile.

Rather than chasing returns in the final stages of a tech rally, the strategist advises harvesting gains and pivoting toward prudent diversification.

Recent SPCX Performance

Shares of SPCX were up 14.47% from its IPO price of $135 apiece. The stock rose 5.74% in pre-market trading on Thursday, following a 1.01% decline to $154.54 on Wednesday. Since its listing on Friday, June 12, the shares have gained 3.03%. Benzinga’s Edge Stock Rankings indicate that SPCX maintains a weak price trend in the short, medium, and long terms.