SpaceX Stock Soars 7.6% as Wall Street Eyes 24/7 Crypto Trading

SpaceX shares surged 7.6% on Monday, reigniting Wall Street's interest in the company. Morgan Stanley maintained its Overweight rating and $300 price target, arguing that SpaceX appears expensive using traditional profit metrics but is undervalued when accounting for its projected growth in launch services, Starlink, and AI ventures. The rally coincided with a broader resurgence in Elon Musk's business empire, as Tesla exceeded third-quarter delivery expectations and its stock climbed alongside SpaceX. Meanwhile, the Nasdaq reached another record high, propelled by technology stocks like Nvidia, Microsoft, and Meta.

In a notable development, OKX and Intercontinental Exchange (NYSE owner) have notified the SEC about plans for a 24/7 tokenized U.S. stock market. The proposed platform would allow trading of tokenized shares, including SpaceX, Tesla, Nvidia, Apple, and Microsoft, for stablecoins like USDC, USDT, and USDG, as well as cryptocurrencies such as Bitcoin, Ethereum, and Ripple. Each token would be backed one-to-one by an underlying share, preserving economic rights like dividends and voting privileges. This could enable investors to trade SpaceX shares during traditional market hours and its tokenized version at all times.

The potential shift toward 24/7 trading blurs the boundaries between traditional finance and crypto. Bitcoin already operates in continuous markets, and now Wall Street is exploring similar functionality for stocks. Recent options strategies highlighted in the report include bullish positions on the Nasdaq, S&P 500, Tesla, and Bitcoin, reflecting optimism about market momentum.