SPCX stock plunged 20%+ from post-IPO high, erasing $620B, boosting inverse ETFs as market weighs dilution risks from the Cursor acquisition.

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.