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Ten SpaceX ETFs Launch as SPCX Hits Market

Ten leveraged SpaceX ETFs launched this week alongside the public debut of Space Exploration Technologies Corporation (SPCX), which began trading on the Nasdaq, giving traders an immediate lineup of tools to bet for or against the stock.Key Takeaways: Ten leveraged SpaceX ETFs launched alongside SPCX’s Nasdaq debut. Expense ratios range from 0.75% to 2.20%, with Leverage Shares by Themes carrying the lowest fee. Tuttle Capital Management handed the SPCX ticker to SpaceX ahead of its Nasdaq listing. The flood of launches means traders now have a full toolkit to express a directional view on SpaceX from the first session. Ten funds from six issuers all target the same underlying stock. According to press releases from the respective issuers, all ten seek to deliver either two times or inverse two times SPCX’s daily price move, before fees and expenses. SpaceX sought to raise roughly $75 billion in its IPO, which would make it the largest public offering in history, surpassing Saudi Aramco’s 2019 listing, according to a Themes ETF Trust announcement. Reuters reported more than $250 billion in indications of interest, or roughly 3.5 to 4 times the planned offering size. As much as 30% of the allocation could go to retail investors, according to the announcement. SpaceX is not just a rocket business. According to Defiance ETFs’, the company operates across three segments: launch services, satellite connectivity through its Starlink network, and artificial intelligence, following its acquisition of xAI in February. Starlink generated $11.4 billion in revenue for the year ended Dec. 31, up 49.8% year over year, and served about 10.3 million subscribers across 164 countries and territories, according to Defiance ETFs.SpaceX ETFs Cover Both Sides at Varying CostsIssuers moved quickly to meet that demand. Leverage Shares by Themes launched the Leverage Shares 2X Long SpaceX Daily ETF (SPCH) and the Leverage Shares 2X Short SpaceX Daily ETF (SSPC), both trading on Cboe, each carrying a 0.75% expense ratio, the lowest in the group, according to a Themes ETF Trust announcement. According to Themes ETF Trust, SPCH’s fee runs about 38% below what the issuer calls the industry average for comparable two-times long SpaceX funds, while SSPC’s fee is roughly 47% below average for comparable inverse products. Defiance ETFs launched the Defiance Daily Target 2X Long SpaceX ETF (SPCU) and the Defiance Daily Target 2X Short SpaceX ETF (SPCQ), both on Cboe, each at a 1.31% expense ratio. According to Defiance ETFs, the SPCU provides traders with exposure to SpaceX’s AI infrastructure, Starlink broadband, and reusable rocket business. Tradr ETFs launched the Tradr 2X Long SpaceX Daily ETF (SPCM) and the Tradr 2X Short SpaceX Daily ETF (SPCG), both on Cboe, at 1.49%, according to a Tradr ETFs announcement. “Some traders see a transformational business with enormous growth potential, while others see a stock that may face high expectations and significant valuation questions,” said Matt Markiewicz, head of product and capital markets at Tradr ETFs. “We launched both SPCM and SPCG because active traders need tools that allow them to express either view with precision.”More Issuers Join the SpaceX ETF FieldGraniteShares launched two funds on Cboe: the GraniteShares 2x Long SpaceX Daily ETF (SPAL) at 1.5% and the GraniteShares 2x Short SpaceX Daily ETF (SNK) at 2.2%, the highest fee in the group. REX Shares and Tuttle Capital Management launched the T-REX 2X Long SpaceX Daily Target ETF (SPAX) on NYSE Arca at 1.5%. According to REX Shares, SPAX gives traders two-times daily exposure to SPCX. The T-REX suite now covers more than 40 leveraged and inverse single-stock ETFs. In a post on X, SpaceX thanked Tuttle Capital Management for handing over the SPCX ticker, a symbol the firm had used for one of its own ETFs before passing it to SpaceX for the Nasdaq listing, according to REX Shares. Direxion, which describes itself as the largest issuer of single-stock ETFs in the U.S., also launched the Direxion Daily SpaceX Bull 2X ETF (LOFF), a long-only fund seeking two-times daily exposure to SPCX. See more: Direxion Debuts Daily SpaceX Bull 2X ETF For more news, information, and strategy, visit ETFDB.

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