SPCH ETF Pops on SpaceX Surge, 2X Leveraged Trade Heats Up After IPO
SPCH surged 10.9% to $23.16 premarket after debuting on Cboe, tracking double SpaceX’s daily move as SpaceX stock jumped 10.4% post-IPO on news of a $60 billion Cursor acquisition and looming index inclusion; the ETF’s daily leverage means amplified gains and losses, with risks heightened by SpaceX’s stretched valuation and potential volatility from options trading and index-related flows.