Analyst: SpaceX's low circulation structure amplifies volatility, with the market showing characteristics of "high market cap + high volatility"

Odaily reported that Greeks.live macro researcher Adam stated that SpaceX's stock price volatility has increased significantly recently. Although its market value is about 2.5 trillion USD, under a low-liquidity structure, single-day price fluctuations of around 10% have become the norm, which is equivalent to "the intraday market value change of a large listed company." SpaceX's trading structure essentially follows a "low liquidity, high valuation" model, making marginal trades more likely to amplify price swings. This structure is similar to the liquidity characteristics of the crypto market. Currently, the crypto market's volatility continues to decrease, with implied volatility (IV) falling about 10% further compared to last week. The low-volatility environment has persisted for about half a year, and the market as a whole remains compressed.