STARTRADER Adds SpaceX CFD Following Record-Breaking IPO
Three days after SpaceX finalized the largest initial public offering in U.S. history, broker STARTRADER has integrated the company’s CFD onto its platform. The rapid move allows traders to access the high-profile asset via MT5 and the firm's proprietary application, reflecting a push to capture immediate market interest.
SpaceX entered the public markets on June 12, raising $85 billion by offering over 555 million shares at $135 each. The stock demonstrated significant momentum during its debut, closing at $160.95—a 19% increase—with trading volume surpassing 500 million shares. By June 15, the SPCX CFD was live on MT5, followed by its release on the STARTRADER mobile app on June 18.
CEO Peter Karsten noted that the swift rollout was designed to meet the immediate demand surrounding the historic listing. The instrument is now available with 5x leverage and extended trading hours from 16:30 to 23:00, Monday through Friday. This inclusion signals a broader strategy at the Dubai-based broker to accelerate the integration of high-profile tech stocks into its multi-asset environment, which currently operates under regulatory oversight in five jurisdictions including ASIC and the FSCA.
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