Thematic ETF Debut Soars 2.67% While Ford Shares Gain 1.67%
F•The newly launched SPCX ETF jumped 2.67% on debut by screening out Elon Musk–affiliated companies, coinciding with a 1.67% lift in Ford shares. The fund excludes Tesla and SpaceX-related stocks, redirecting capital toward automakers including Ford and chipmaker Samsung Electronics (000660.KS), which rose 5.30%.
1. SPCX ETF Debuts with Musk Exclusions
SPCX, a new thematic ETF, began trading by excluding companies tied to Elon Musk. It targets sectors and firms unconnected to Musk’s ventures, propelling its shares up 2.67% in early trading.
2. Ford Shares Climb 1.67% on ETF Flows
Ford Motor Company saw its stock rise 1.67% as SPCX allocated weight to non–Musk-linked automakers. The shift highlights investor interest in traditional carmakers outside the electric vehicle segment dominated by Tesla.
3. Other Stocks Join Rally
Market rotation into non–Musk holdings lifted chipmaker Samsung Electronics (000660.KS) by 5.30% and saw Tesla climb 2.53% despite its exclusion. Broader equity indices also advanced, reflecting optimism in diversified thematic vehicles.
