SpaceX Shares Rally for a Second Session as ETF Issuers Pile In
SpaceX (SPCX) extended its post-IPO climb into a second session on Monday, trading near $178 and lifting its two-day gain to roughly 32% above the $135 price set last week.
The advance kept investor focus on a fast-growing roster of leveraged exchange-traded funds built around the new ticker.
SpaceX Shares See A Second Day of gains
SPCX began trading on June 12 at $135 per share, raising about $75 billion in the largest initial public offering on record.
The deal, led by Goldman Sachs, drew roughly $250 billion in orders and closed about three and a half times oversubscribed before pricing.
It overshot the prior record, Saudi Aramco’s $29.4 billion listing in 2019, by about two and a half times.
The stock jumped roughly 19% on Friday to close at $160.95, then climbed to around $192 on Monday.
SpaceX stock closed its second day of trading up 19.6% today, pushing the company's market cap above $2.5 trillion for the first time.SpaceX added $420 billion to its market cap today. pic.twitter.com/vLeEZMBzYV
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
That left SpaceX valued near $2.3 trillion in its record Nasdaq debut, ranking it among the world’s most valuable listed companies and keeping Elon Musk’s standing as the first trillionaire on paper intact.
The size of that order book sits at the center of the open question beneath the rally, whether the second-session buying reflects durable demand or the froth that often trails a heavily oversubscribed deal.
ETF Issuers Pile In
GraniteShares listed its 2x Long SpaceX Daily ETF (SPAL) and a 2x Short version (SNK) on Monday, while Defiance brought its 2x long product (SPCU) to market the same day.
SPAL carries a net expense ratio of 1.50% and resets its exposure daily, which the issuer states makes it a short-term trading vehicle rather than a long hold.
And they're off.. 11 leveraged SpaceX ETFs hitting market today. Here's how they stand in first half hour re $ volume. $SPCH in the lead by a nose.. $SPCL is no longer halted in 2nd place despite $SPCU in mix. All told $119m in 30min. Solid. Anything over $1m on Day One is… pic.twitter.com/N2BJhetuaF
— Eric Balchunas (@EricBalchunas) June 15, 2026
They join earlier entries from ProShares, Direxion and Leverage Shares, part of a wave of about 25 SpaceX-linked filings submitted ahead of the listing.
Defiance’s earlier SPCL fund drew roughly $10 million in first-day volume and rose about 46% before SPCX itself began trading.
The launches extend a playbook that single-stock leveraged funds have followed since US regulators cleared them in 2022.
Direxion’s 2x Tesla fund (TSLL) and GraniteShares’ 2x Nvidia fund (NVDL) grew to about $6.5 billion and $4.4 billion in assets, a sign of how fast retail traders crowd into amplified bets on one name.
That same appetite now meets the SpaceX valuation debate, with the price far ahead of 2025 results.
Daily compounding means these funds can lose money even when SPCX rises over longer stretches, a risk that grows as more shares reach the market in the weeks ahead.
Not every fund chasing SpaceX is built for day traders. ARK Invest said it now holds SPCX across four active ETFs, ARKX, ARKQ, ARKK and ARKW, after first backing the company through its private ARK Venture Fund in 2023.
The firm picked up about 3.3 million shares worth roughly $444 million around the debut, and SpaceX stood at 11.38% of the Venture Fund’s net assets at the end of May, its largest holding.
SpaceX is now public. For ARK, this moment has been years in the making. We initiated our position in the ARK Venture Fund in 2023, long before the S-1 was filed, and have built conviction through every data point since.Our thesis has not changed: this is one of the most… pic.twitter.com/XZl4chYJQB
— ARK Funds (@ARK_Funds) June 15, 2026
The coming sessions will test whether the demand that powered the debut keeps buyers engaged, or whether the leverage now stacked on SPCX amplifies the first real pullback.
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