T-REX 2X Long SpaceX ETF Launches as SPAX Options Begin Trading
SPAX•REX Shares and Tuttle Capital Management launched the T-REX 2X Long SpaceX Daily Target ETF, designed to deliver 200% of SpaceX’s daily stock performance after fees. Options on SPAX started trading on the American Stock Exchange to provide calls and puts on this 2X leveraged SpaceX ETF.
1. Launch of T-REX 2X Long SpaceX ETF
On June 16, REX Shares and Tuttle Capital Management introduced the T-REX 2X Long SpaceX Daily Target ETF (SPAX), which aims to deliver twice the daily price movement of SpaceX shares before fees. The ETF is listed on the American Stock Exchange under ticker SPAX.
2. Fund Mechanics and Strategy
SPAX uses derivatives and swap agreements to achieve its 2X daily leverage, allowing investors to amplify both gains and losses on SpaceX’s stock. The fund’s daily rebalancing process can magnify volatility, making it suitable for short-term trading strategies.
3. SPAX Options Listing
Options on SPAX began trading on the American Stock Exchange on June 16, providing calls and puts for this leveraged exposure. The availability of options expands trading tools for speculators and hedgers seeking to manage or amplify risk in SpaceX investments.
4. SpaceX Growth Drivers
SpaceX recently completed an $85.7 billion IPO and has integrated xAI’s Grok AI model following its acquisition of xAI in February 2026. The company is planning AI computing satellites in orbit and continues expanding its Starlink internet network worldwide.
