Here are the odds of SpaceX becoming the world's most valuable company

SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for launch at the company's Boca Chica launchpad, near Brownsville, Texas, U.S., November 16, 2024. Joe Skipper | Reuters SpaceX debuted as the fifth-biggest stock. The path to third place could take years, at least according to options prices. There's a lot of perks to debuting in the public markets with a multitrillion valuation: worldwide attention, next-day derivatives trading and fast-track inclusion into some of the most important benchmark equity indexes. One small catch: It might take a while to move up each next rung of the market-cap ladder. SpaceX's current $2.6 trillion valuation puts the company in a neck-and-neck race with Amazon for world's fifth-biggest company, and more than $1 trillion ahead of Elon Musk's Tesla. From there, it's a big jump to third and second-place Apple and Alphabet, respectively, both of which trade with a market cap over $4.4 trillion. Stock Chart Icon Stock chart icon SPCX 5-day chart To leap-frog those two and take second place behind $5 trillion Nvidia, SpaceX would need to rally about 70% to $340, assuming Apple and Alphabet don't move. Right now, the options market says there's a 50/50 chance that could happen between now and roughly July 2028, projecting data from the options chain on ThinkOrSwim. To get those odds, one must go through the strikes in SpaceX and approximate the odds of a touch at the 340 call. …