SpaceX-linked 2x ETFs jump more than 14% after triple-launch streak

  • SpaceX completed three launches within roughly 13 hours.
  • SpaceX shares closed 7.35% higher at $158.96; five 2x ETFs gained more than 14%.
  • Starlink generated $4.3 billion revenue and $1.7 billion operating profit last quarter.

Five leveraged exchange-traded funds tied to Space Exploration Technologies Corp. (NASDAQ:SPCX) gained more than 14% on Friday after SpaceX shares closed 7.35% higher at $158.96 following three launches in roughly 13 hours. The missions included NASA's Crew-13 flight, the Transporter-18 rideshare mission carrying 130 payloads, and the classified NROL-97 mission, the first National Reconnaissance Office payload flown on a Falcon Heavy. Starship also reached Earth orbit for the first time and deployed 26 Starlink V3 satellites despite an engine shutdown during ascent. Starlink-led Connectivity generated $4.3 billion of quarterly revenue and $1.7 billion of operating profit, while SpaceX's AI computing division posted a $1.3 billion operating loss on $2.6 billion of revenue as it scales capacity for contracts that could eventually produce as much as $3.4 billion in monthly revenue. The 2x ETFs reset leverage daily, meaning longer-term returns can differ substantially from twice SpaceX's cumulative share performance.

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