SpaceX 'proxies' plunge as real deal arrives: Here's where traders are buying the dip

SpaceX launches their IPO at the Nasdaq in New York City on June 12th, 2026. Adam Jeffery | CNBC There ain't nothing like the real thing. SpaceX "proxy stocks," whose options volumes were booming ahead of Friday's historic initial public offering , are unwinding gains. Some look like they have more potential for a rebound than others. Shares of EchoStar , the Colorado-based networking business that owns an estimated 3% of SpaceX stock, reversed and dropped 14%. …