SpaceX options started trading and some guy they call the godfather of options thinks the rocket company will surpass Nvidia and Tesla. Not in revenue. Not in profit. In something the article doesn't specify but we're all supposed to nod along like it matters.
The godfather angle is doing heavy lifting here. He's not the godfather of making correct predictions. He's the godfather of options. Which means he's been around long enough to watch thousands of retail traders light their accounts on fire and he kept showing up anyway.
SpaceX surpassing Nvidia. A private company with options that just started trading today is going to beat the chip manufacturer that went up 200% last year because everyone needs AI apparently. The logic holds if you squint and also suffered a recent head injury.
Tesla's already in the conversation because Elon runs both companies when he's not posting on Twitter between the hours of never and always. So now you can lose money on two of his companies using options instead of just shares. Efficient.
Early trades came in. People bought calls. People bought puts. Someone somewhere is already down 80% and it's been four hours. The market worked exactly as designed.
Retail's about to discover that trading options on a private company with limited price transparency and massive bid-ask spreads is exactly like trading options on a normal stock except you lose money faster and with more confusion. It's like regular financial suicide but with a SpaceX logo on it.
The godfather sees the future. He sees SpaceX climbing past two of the largest market cap stories of the decade. He shared this vision right as the options launched. What incredible timing. Really makes you think. Not about whether he's right. About whether he owns a position.
Congratulations to everyone who waited years for this opportunity to pay triple-wide spreads on contracts for a company that might go public never.
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