From Record-Breaking IPO to Index Inclusion: Trade SpaceX’s Volatility With 2X Leverage

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SpaceX's (SPCX) public debut was historic. What has happened since is, in some ways, even more remarkable.

Since going public, SpaceX has broken multiple Wall Street records, generated trading volume that rivals or exceeds the market's biggest names, and is now on a fast track toward inclusion in major stock indexes, a milestone that could bring an entirely new wave of volatility.

A Record-Breaking First Week, By the Numbers

SpaceX's IPO was already the largest in history, raising $75 billion by selling 555.6 million shares at $135 each. After underwriters fully exercised their overallotment option, total proceeds grew to $85.7 billion.

The trading activity since has been just as extraordinary:

• SpaceX shares have traded as high as $225, pushing the company's valuation past Amazon to nearly $2.8 trillion and briefly surpassing Microsoft during the session
• SpaceX generated $82 billion in dollar volume on IPO day. By Monday, its $46 billion volume closely trailed Micron ($48B) while beating Nvidia ($31B). By day three, SpaceX led all U.S. stocks with $66 billion, outpacing both Micron ($47.5B) and Nvidia ($26B).
• Average daily volume for the stock is over 350 million, as of 6/17/26

Adding to the volatility, SpaceX options trading launched on June 15, shattering Meta's 2012 first-day volume record, crossing 500,000 contracts in the first hour and topping 1.3 million by 2 p.m. ET. Calls outnumbered puts 1.5-to-1, with heavy volume concentrated on far out-of-the-money $300 and $380 strikes. 

For traders seeking to capitalize on the volatility of SpaceX, Tradr ETFs provides both long and short leveraged exposure to amplify your daily view: 

The Next Frontier: Index Inclusion

SpaceX's size alone has put it on a path toward inclusion in major indexes far faster than is typical. Nasdaq has moved to fast-track SpaceX into the Nasdaq-100, a process that can now occur within 15 trading days of an IPO, down from the 3 to 14 months historically required. Under the new criteria, a company qualifies if its market value places it among the index's 40 largest constituents, a threshold currently around $121 billion. 

At a valuation in the trillions, SpaceX clears that bar by an enormous margin, leaving timing rather than eligibility as the open question. Funds tracking the Nasdaq-100 would be required to buy shares to match the index, a structural source of demand separate from any individual investor's view on the stock.

S&P Dow Jones Indices has taken a more cautious approach, holding off on adding SpaceX to the S&P 500 for now. The difference matters. The three largest S&P 500 index funds hold a combined $3.2 trillion in assets, compared to roughly $600 billion across the largest Nasdaq-100 funds, meaning the scale of forced buying could look very different depending on which index ultimately admits the stock and when.

Either way, the mechanics point to one outcome traders should expect: more volatility, not less, as SpaceX moves toward index inclusion in the coming weeks.

Trading SpaceX's Next Chapter With 2X Leverage

For active traders seeking to capitalize on what comes next, Tradr ETFs offers both long and short leveraged exposure to amplify a directional view:

• Tradr 2X Long SpaceX Daily ETF (SPCM): Targets double the daily exposure to SpaceX's price action for traders who see the records-breaking momentum, and the potential tailwind from index inclusion, continuing.
• Tradr 2X Short SpaceX Daily ETF (SPCG): Seeks to provide double inverse daily exposure to SpaceX's price action for traders positioning around a cooldown in the stock's historic volatility or a pullback from current valuation levels.

Both funds reset their leverage daily, giving traders the tactical agility to act on single-session swings without managing the compounding effects of a longer hold. If SpaceX moves 5% on an index inclusion headline or an options-driven dealer hedging flow, these funds are designed to target a 10% move before fees, in either direction.

The Volatility Is Just Getting Started

SpaceX’s first week as a public company has already rewritten the record books for IPO size, options volume, and trading activity. With index inclusion still ahead, the forces driving this volatility are likely to continue for the foreseeable future.

For active traders looking to navigate or amplify SpaceX's next chapter, the Tradr 2X Long SpaceX Daily ETF (SPCM) and Tradr 2X Short SpaceX Daily ETF (SPCG) offer the tools to trade the volatility both ways.

Leveraged ETFs Involve Significant Risks

Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other exchange-traded funds. Know the risks before you invest. The significant risks of leveraged and/or inverse ETFs include the risks of leverage, derivatives, and/or other complex investment strategies that they employ. These investments are designed for short-term trading for investors seeking daily, monthly or quarterly leveraged investment results.

Investors in the ETF should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking daily, calendar month and calendar quarter inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. ETF performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.

The ETFs seek leveraged investment results over a specific period and are intended to be used as short-term trading vehicles. The ETFs pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the ETFs magnify the performance of their underlying security. The volatility of the underlying security may affect an ETF's return as much as, or more than, the return of the underlying security.

The ETF will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in an ETF that seeks two times daily performance would lose all of their money if the ETF's underlying security moves more than 50% in a direction adverse to the ETF on a given trading day.

ETFs involve risk including possible loss of principal. There is no assurance that the ETF will achieve its investment objective. Principal risks and other important risks may be found in the prospectus.

Investors should carefully consider the investment objectives, risks, charges and expenses of the ETF before investing. To obtain a prospectus containing this and other important information, please visit www.tradretfs.com to view or download a prospectus online. Read the ETF's prospectus carefully before you invest.

Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000971

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