MIAMI, June 15 (Bernama) -- With SpaceX (NASDAQ: SPCX) expected to begin trading on the Nasdaq today, Defiance ETFs confirmed that the Defiance Daily 2X Space ETF (Cboe: SPCL) will seek 2X daily leveraged exposure to SpaceX Class A common stock within its portfolio, making it the first and only U.S. ETF to have 2X exposure to SpaceX on IPO day. The fund’s SpaceX exposure was established at the $135 IPO price.
SpaceX priced its initial public offering at $135 per share and begins trading today under the ticker SPCX. At that price, the company is valued at approximately $1.77 trillion, which according to reports ranks as the largest U.S. IPO in history by debut market value.
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