[SpaceX Halved from Peak, CME Single Stock Futures Launch Opens 'Leverage Game Era'] BlockBeats News, July 27: CME officially launched U.S. single stock futures today, covering 55 companies including SpaceX, and offering standard contracts for 100 shares and micro contracts for 10 shares. The contracts are cash-settled and nearly trade around the clock, allowing investors to establish long, short, or hedged positions without borrowing stocks. For SpaceX, this does not alter the company's fundamentals but introduces a new pricing channel, enabling pre-market, post-market, and major news expectations to be reflected more quickly in futures prices. After SpaceX's IPO, the circulating shares were limited, and the stock price has significantly declined from its peak. Ortex estimates that approximately 56% of the free-floating shares are currently lent out, with short positions continuing to increase. The company's first post-IPO financial report is scheduled for release on August 4, followed by a share unlocking window. Therefore, the significance of the single stock futures launch on its first day is not to provide new conclusions on price movements but to make it easier for short sellers, hedgers, and leveraged funds to participate. The interplay between spot prices, futures, and earnings expectations may amplify short-term volatility. [Original Link]