SpaceX's IPO saw the largest day of retail net buying in recent history, as investors sold other stocks to rotate into the name. With unmatched media attention, a transformational AI/space narrative, bold vision, and celebrity founder Elon Musk, SpaceX has all the characteristics that resonate with retail investors, who view it as the next Mag-7 stock. Options trading could sustain this meme-like activity in the near term.