SpaceX bulls are back betting on huge, fast gains as Rocket Lab surges

Elon Musk speaks at Starbase before SpaceX's IPO in in Starbase, Texas, U.S., June 12, 2026. CNBC SpaceX shares are on the mend after a 35% pullback from its post-IPO high and options traders are assembling bullish positions of all forms – from short-term and speculative to big investments for the haul. Volume has subsided in SpaceX options, with around half-a-million contracts traded by midday Monday, on pace for about half the daily average since they started trading June 15, according to Cboe LiveVol data. Still, positioning is unmistakably bullish. Traders bought more than four times as many calls than puts, according to ThinkOrSwim data, with total call volume double that of puts. Of the top 10 contracts by volume, seven were calls and nine expire on Thursday. Shares rallied 7% to the highest since last Tuesday following speculation that SpaceX could buy a mobile carrier, as well as a deal between Rocket Lab and Iridium Communications that renewed excitement around satellite communications. "From a technical standpoint SpaceX defended its all-time low around $147, which tells me there's buyer demand on the pullback," Charles Moon, a tech and momentum specialist for Prosper Trading Academy in Chicago, said by phone. Moon added that he bought SpaceX stock alongside 170-strike calls. Stock Chart Icon Stock chart icon SpaceX, 1 month One notable trade in SpaceX summarized the situation well. …