Options market braces for $225 billion swing in SpaceX's value as earnings loom

NEW YORK, Aug 4 : Traders in the options market are braced for a swing of roughly $225 billion in the value of SpaceX shares following its first-ever earnings report on Tuesday, underscoring market anxiety over how the financials will look for Elon Musk's rocket and satellite company. Options are pricing a roughly 15 per cent move in SpaceX shares in either direction, but with a bearish tilt, according to data from options analytics service ORATS. The company's shares have fallen 43 per cent from a closing peak of $201.80 set not long after its record-breaking June 12 debut. Even after the slide, SpaceX still has a $1.5 trillion market capitalization. The stock's slump, its limited trading history, and uncertainty over whether its maiden earnings will show its revenue can support its valua