The riskiest SpaceX stock trade of all had a big first week

SpaceX Executives ring the Closing Bell at the Nasdaq on the debut of their IPO on June 12th, 2026. Adam Jeffery | CNBC SpaceX's IPO didn't just mint the biggest debut in market history — it also triggered a leveraged ETF historic land grab. Within days of SpaceX going public , competing fund firms launched 11 leveraged exchange-traded funds tied to the stock, with the trading volume that followed shattering expectations. There was over $10 billion in levered ETF trading during SpaceX's first week on the stock market, a shortened holiday trading week which encompassed four days through Thursday. It was one among the many notable market stats that stood out about the deal. Leveraged single-stock ETFs are designed to deliver a multiple of a stock's daily return which is typically two times, either long or short. Since these funds reset daily, their returns can drift meaningfully from the underlying stock. Leveraged Shares led the charge, with three days of over $1 billion in volume in its long SpaceX ETF on Tuesday through Thursday, and significant volume in its short SpaceX ETF as well. Todd Sohn, chief ETF strategist at Strategas Securities, says the pattern is familiar, even if the scale is uncommon. When a heavyweight name like Nvidia or Tesla gets a leveraged ETF built around it, demand shows up. SpaceX brought to the market not just the largest IPO in market history but Elon Musk 's name attached to it. …