SpaceX barely finished ringing the bell, and Wall Street is already slicing it into leveraged side bets. Leverage Shares by Themes has rolled out two daily leveraged ETFs tied to SpaceX common stock: the 2x Long SpaceX Daily ETF (ticker: SPCH) and the 2x Short SpaceX Daily ETF (ticker: SSPC).
Both products began trading on June 15, 2026, at 9:30 a.m. ET on the Cboe exchange. They arrive just days after SpaceX’s public listing on Nasdaq around June 12, making them among the fastest leveraged products ever launched off the back of a newly public company.
What these ETFs actually do
SPCH aims to deliver 2x the daily return of SpaceX stock. SSPC aims to deliver 2x the inverse daily return. In English: if SpaceX goes up 3% in a day, SPCH targets a 6% gain. If SpaceX drops 3%, SSPC targets a 6% gain on that side.
The key word is “daily.” These products reset every single trading session, which means holding them for longer than a day introduces something called volatility decay, a compounding effect that can quietly eat into returns even if the underlying stock ends up exactly where it started over a multi-day period.
