SpaceX’s valuation surged in its second-largest one-day market-cap gain on record. Its IPO generated a $500 million fee pool—$100 million to Morgan Stanley and Goldman Sachs and $75 million each to Citi, JPMorgan and Bank of America—and two new 2× leveraged ETFs launched for amplified long and short exposure.
SpaceX achieved its second-largest one-day increase in market capitalization on record for a U.S. company, marking a major boost to its private valuation. This surge underscores investor enthusiasm and could set a higher benchmark ahead of its public listing.
The SpaceX IPO created a $500 million fee pool, with Morgan Stanley and Goldman Sachs each earning about $100 million and Citi, JPMorgan and Bank of America receiving roughly $75 million apiece. These allocations highlight the strategic value of leading a high-profile deal with Elon Musk’s aerospace venture.
Two exchange-traded funds offering twice the daily performance of SpaceX—one long (SPAL) and one short (SNK)—launched to provide amplified exposure. Investors should note daily rebalancing increases path dependency and can magnify both gains and losses over time.
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