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SPCL ETF launches with 2x daily leveraged exposure to SpaceX on its IPO day at $135/share.

Market News
13 Jun 2026
Na
View Source
Bullish
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Defiance ETFs launched the Defiance Daily 2X Space ETF (SPCL) on Nasdaq, offering investors 2x daily leveraged exposure to SpaceX Class A shares starting at the IPO price of $135. SpaceX's IPO values the company at approximately $1.77 trillion, marking one of the largest U.S. IPOs by market cap on debut. SPCL uses derivatives to achieve this exposure and is designed for knowledgeable investors willing to actively manage the high risks associated with leverage and concentrated space sector investments. The ETF is intended for short-term trading and carries significant risks including potential total loss of principal in a single day.

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