Early backers of space-industry focused index funds are nursing losses as the multi-trillion-dollar float of Elon Musk’s company overshadows broader falls.

The IPO last week was just the beginning.

SpaceX's Nasdaq IPO drove SPCX up 60% to a $2.7T market cap, sparking leveraged ETF launches and crypto market surges on Hyperliquid.

A wave of leveraged SpaceX ETFs hit the market this week, drawing massive trading volume as investors bet on the stock's post-IPO volatility.

SpaceX's public debut is reshaping ETFs, with funds from space-focused portfolios to Schwab's value ETF adding SPCX to their holdings.

Early backers of space-industry focused index funds are nursing losses as the multi-trillion-dollar float of Elon Musk’s company overshadows broader falls.