Tradr ETFs will launch two Cboe-listed funds on June 15 seeking ±200% daily exposure to SpaceX following its Nasdaq debut. SpaceX’s IPO priced at $135 values the company at $1.75 trillion, prompting retail sell-offs in Micron and AMD and a $165 price target amid warnings of extreme volatility.
On June 15, two Cboe-listed funds—Tradr 2X Long SpaceX Daily ETF (SPCM) and Tradr 2X Short SpaceX Daily ETF (SPCG)—will seek 200% and -200% of SpaceX’s daily performance, offering traders amplified bullish and bearish exposure to the newly public company.
SpaceX began trading at $135 per share on Nasdaq, implying a $1.75 trillion market capitalization and marking the largest IPO in history, as investors and institutions establish positions in the aerospace leader.
Data show individual investors net sold semiconductor and AI names, including Micron and AMD, for three straight sessions to raise cash for SpaceX, with BNP Paribas estimating up to $50 billion of retail and passive flows into the IPO.
An industry analyst set a $165 price target for SpaceX shares (22% above IPO price) based on projected 60% CAGR to $195 billion revenue by 2030, while cautioning that the stock could exhibit extreme daily swings post-listing.
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