Defiance ETFs announced the pending launch of the Defiance Daily Target 2X Long SpaceX ETF (NYSE: SPCU), a daily-reset leveraged fund designed to provide 200% of the daily percentage change of SpaceX common stock (NASDAQ: SPCX). Scheduled to begin trading on the NYSE on June 15, 2026, the fund offers active traders a way to express a short-term, bullish view on SpaceX without owning the shares directly. The launch follows SpaceX's public filing of its registration statement with the SEC on May 20, 2026, and comes as the company prices its initial public offering.

SPCU seeks daily investment results corresponding to 200% of the daily performance of SpaceX common stock before fees and expenses. The fund resets daily and is not designed for holding periods longer than a single trading day. It obtains exposure through swap agreements and options contracts referencing SpaceX, which adds leverage, derivatives, and counterparty risk. The fund is suitable only for knowledgeable investors who understand the risks of daily leverage and compounding.

Fund Details

Sylvia Jablonski, Chief Investment Officer at Defiance ETFs, stated that SpaceX is one of the most-watched names retail traders have never been able to trade directly. She emphasized that SPCU is built for traders who want a disciplined, single-day tactical tool, highlighting the need for active monitoring and risk awareness. Tidal Investments, LLC serves as the investment adviser, while Defiance ETFs LLC acts as the sponsor.

The fund carries significant risks, including the potential for investors to lose their entire principal within a single trading day. Due to daily compounding, returns over periods longer than one day are very likely to differ from 200% of SpaceX's longer-term performance. Additionally, the fund is subject to derivatives and counterparty risk, as well as the volatility associated with newly public companies.