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SpaceX IPO launches with record $75B raise; beware of risky 2X leveraged ETFs tied to its stock

Market News
12 Jun 2026
24/7 Wall Street
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Neutral
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SpaceX's IPO opens today, raising a record $75 billion with a valuation near $1.77 trillion, attracting huge investor interest. Alongside, several 2X leveraged ETFs aiming to double daily SpaceX stock returns are debuting, but these are risky and designed for short-term trading, not long-term investing. Leveraged ETFs reset daily and can lead to significant losses if held longer due to volatility and compounding effects. Investors are advised to avoid these leveraged ETFs and consider direct SpaceX stock or index funds for safer exposure.

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