Direxion Daily SpaceX Bull 2X ETF

LOFF

Market cap $42.1M

On August 6, Direxion broadened its leveraged single-stock ETF lineup with the launch of the Direxion Daily SpaceX Bear 2X ETF (LOFD). This fund seeks daily investment results of 200% of the inverse daily performance of SpaceX (SPCX).

This week promises to be another eventful one on the earnings front with one of the big-time reports being the first from Space Exploration Technologies (SPCX). The newly public rockets and satellites company steps into the earnings confessional for the first time on August 4, after the close of U.S. markets.

June has seen many ETF launches, from pure-play AI memory chip thematics to an autism impact fund that donates returns to nonprofits. With a record breaking 214 launches, the ETF landscape continues to expand into new markets.

SpaceX SPCX is poised to become one of the fastest additions ever to the Nasdaq-100 index, triggering a new wave of demand from passive investors less than a month after its blockbuster public market debut. Nasdaq announced after the close on June 26, 2026 that SpaceX qualifies for inclusion in the technology-heavy benchmark.

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Space Exploration Technologies (SPCX), Elon Musk's rockets and satellites company, also known as SpaceX, went public last Friday in the largest initial public offering (IPO) on record.

SpaceX's $60 billion acquisition of AI startup Cursor strengthens its AI ambitions, boosts shares and puts SpaceX-heavy ETFs in focus.