SpaceX Raises $75 Billion in IPO, Closes Up 19% at $160.95 as Leveraged ETFs Launch
SpaceX shares began trading June 12, 2026 after raising roughly $75 billion. Multiple issuers launched 2x long and short ETFs within days.
indiatoday.intoday.inSpaceX completed its initial public offering on June 12, 2026, raising roughly $75 billion. 95, up 19%. Within days, GraniteShares launched a 2x long SpaceX ETF and a 2x short SpaceX ETF.
Defiance, Direxion, REX Shares, ProShares, and Tradr each launched their own leveraged SpaceX ETFs shortly afterward. A leveraged ETF uses derivatives such as total return swaps and futures contracts to deliver a multiple of the daily return of its underlying index or stock. These products reset their exposure at the close of each trading day.
The SEC has published an investor bulletin describing volatility decay in leveraged ETFs using a two-day numerical example. The SEC also published a statement on single-stock leveraged and inverse ETFs warning they carry more risk than index-based leveraged ETFs. The first leveraged single-stock ETFs began trading in July 2022.
By mid-2025, more than 100 single-stock leveraged ETFs were trading on stocks including Tesla, Nvidia, and Coinbase. 00% or higher. 03%.
A 3x leveraged ETF can lose nearly all its value if its underlying index falls about 33% in a single trading session. Leveraged ETFs are purchased and sold through brokerage accounts using ticker symbols during market hours.
