For years, Tesla, Inc. (NASDAQ:TSLA) was the centerpiece of what many traders viewed as the ultimate Elon Musk investment. Now, according to Direxion CEO Douglas Yones, Space Exploration Technologies Corp. (NASDAQ:SPCX) could become the next chapter in what he calls the “all things Elon” trade.
“Traders look to Direxion to trade all things Elon with conviction,” Yones told Benzinga.
The comment comes as SpaceX begins life as a publicly traded company, opening the door for investors who previously had limited ways to gain exposure to Musk’s space venture.
From TSLA To SPCX
Yones said Direxion’s experience with Tesla helped shape its approach to SpaceX.
