- REX Shares and Tuttle Capital Management have launched the T-REX 2X Long SpaceX Daily Target ETF (AMEX: SPAX), designed to deliver 200% of SpaceX’s daily stock performance.
- SPAX is a leveraged exchange-traded fund (ETF) that aims to double the daily gains or losses of SpaceX’s stock, offering investors higher exposure.
- SpaceX, a significant player in the aerospace industry, is expanding into artificial intelligence, integrating xAI’s Grok AI model and planning AI computing satellites, following a historic $85.7 billion IPO.
REX Shares and Tuttle Capital Management announce the launch of the T-REX 2X Long SpaceX Daily Target ETF (AMEX: SPAX). As highlighted by Gurufocus, this new fund is designed to deliver 200% of the daily stock price performance of Space Exploration Technologies Corporation, before fees and expenses are deducted.
SPAX is a leveraged exchange-traded fund (ETF). A leveraged ETF uses financial products, like derivatives, to try and amplify the daily returns of an underlying asset. For SPAX, this means it aims to double the daily gains or losses of SpaceX’s stock, making it a tool for investors seeking higher exposure.
The underlying company, SpaceX, is a major player in the aerospace industry. It is known for designing and launching its reusable Falcon rockets and Dragon spacecraft. The company also operates the Starlink satellite network, which provides internet services globally.
SpaceX is also expanding into artificial intelligence. Following its February 2026 acquisition of xAI, the company integrated the Grok AI model and the X platform. SpaceX has since revealed plans to deploy satellites specifically for AI computing in orbit.
The launch of this ETF follows the historic initial public offering (IPO) of SpaceX. As highlighted by Yahoo Finance, the IPO is considered one of the biggest in history, raising $85.7 billion. The event’s large scale has drawn significant attention from both retail and institutional investors.
