Wall Street is already preparing to turn SpaceX into a leveraged trading vehicle days after its expected market debut.
Nearly a dozen exchange traded funds tied to Elon Musk’s rocket company are slated to launch Monday, shortly after SpaceX’s planned Friday IPO, according a Bloomberg report.
The products, from issuers including ProShares, Leverage Shares, Defiance ETFs, GraniteShares, REX Shares, Direxion, and Tradr ETFs, are designed to deliver twice the daily long or inverse performance of SpaceX shares.
The launches would give traders an immediate way to amplify bets on one of the most anticipated public listings in years. More than 20 SpaceX linked ETF proposals have already been filed this year, ranging from leveraged and inverse products to options based strategies.
The rush reflects how quickly ETF issuers are moving to monetize demand for exposure to major private technology companies as they enter public markets.
