Direxion Daily SpaceX Bear 2X ETF

LOFD

SpaceX (SPCX) recently reported a 161% jump in third-quarter revenue with Starlink revenue climbing nearly 70%. The real story, though, perhaps was a 5x surge in artificial intelligence (AI)-related sales.

Anthropic has taken a major step related to its proposed initial public offering expected for mid-November. The AI firm is behind the Claude chatbot that millions of people now rely on to come up with everything from recipes to work out plans.

As international markets curb back on single-stock leveraged ETFs, Direxion's Global ETF Strategist Bilal Little talks about how his firm is boosting exposure for stocks like SpaceX (SPCX). He talks about the firm's new Daily SpaceX Bear 2x ETF (LOFD) and ways investors can use it while cautioning of risks that come with the product.

SpaceX (SPCX) captured investor attention once again this week as investors digested a series of rapid developments that are fundamentally reshaping the company's valuation story. What began as a pure-play commercial space giant is rapidly evolving into an artificial intelligence powerhouse, driven by the recent rollout of Grok 4.

The ETF industry continues its fast pace of innovation, with product development showing no signs of slowing. U.S. ETFs ended July with $15.7 trillion in total assets under management, bringing in $193 billion in net new capital in July alone, according to recent FactSet data.