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

Tuesday's launch of SpaceX options set new records for a first-day, post-IPO options volume.

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.