SpaceX shares surged more than 19% on Monday, their first full trading day on Wall Street, extending gains to 43% since the company's blockbuster market debut. The aerospace giant initially sold 555.6 million shares, raising a record $75 billion, but total proceeds climbed to $85.7 billion after underwriters exercised their over-allotment option, selling an additional 83.3 million shares. Research firm Bespoke Investment Group noted that Elon Musk's SPCX is already $700 billion larger than Tesla and more than twice the size of Berkshire Hathaway. Retail investors have been selling other stocks at the fastest pace since November 2023, potentially freeing up capital to buy SpaceX shares, while institutional demand has been robust, with Ron Baron purchasing an additional $1 billion worth of shares and BlackRock reportedly placing orders for at least $5 billion. Against this backdrop, several leveraged ETFs have launched to provide amplified exposure, including the T-REX 2X Long SpaceX Daily Target ETF, the Direxion Daily SpaceX Bull 2X ETF, and the Tradr 2X Long SpaceX Daily ETF.
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