GURUFOCUS.COM Latest News USA Aerospace & Defense NAS:SPCX REX Shares Launches T-REX 2X Long SpaceX Daily Target ETF (SPAX) Business Wire 06/15/2026 08:00 REX Shares (“REX”) and Tuttle Capital Management (“TCM”) today announce the launch of the T-REX 2X Long SpaceX Daily Target ETF (NYSE Arca: SPAX), a leveraged ETF providing 2x daily long exposure to Space Exploration Technologies Corporation (Nasdaq: SPCX). SPAX is designed to deliver 200% of SPCX's daily stock price performance, before fees and expenses, giving traders a tool to engage with one of the most closely watched public market debuts in years. SpaceX designs and launches the reusable Falcon rockets and Dragon spacecraft that anchor the commercial space industry, and operates Starlink, the largest satellite network ever deployed. SpaceX is also increasingly an artificial-intelligence story: its February 2026 acquisition of xAI — the developer of the Grok AI model — folded AI compute, Grok, and the X platform into the company, which has since outlined plans to deploy orbital AI-compute satellites built on its rocket and Starlink infrastructure. The Fund intends to commence investment operations in connection with SpaceX's initial public offering, with SPCX expected to begin trading on June 12, 2026. “Few companies have generated this much anticipation ahead of a public listing, and that demand doesn’t wait for the stock to settle in,” said Greg King, CEO and Founder of REX. “SPAX is designed to give traders 2x daily long exposure to SpaceX from the very first session, inside a liquid, transparent ETF.” “This is exactly the kind of name T-REX was built for,” added Matt Tuttle, CEO and CIO of Tuttle Capital Management. “A newly public, high-volatility stock is exactly the kind of name where investors hold strong views but have had no clean way to act on them, and SPAX is designed to let traders press a daily long view on SPCX with conviction.” In a post on X, SpaceX thanked Tuttle Capital Management for the SPCX ticker — a symbol Tuttle had used for one of its ETFs before it passed to SpaceX for the listing. This launch expands the T-REX ETF suite, which now includes over 40 leveraged and inverse single-stock ETFs, including first-to-market 2x exposures to Robinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT). Investing in the Fund is not equivalent to investing directly in SPCX. Investing in the fund involves significant risk and is for sophisticated investors. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if SPCX’s performance is flat, and it is possible that the Fund will lose money even if SPCX’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of SPCX falls by more than 50% in one trading day. For full fund information, holdings, and risk disclosures, visit rexshares.com. About T-REX The T-REX lineup is a partnership between REX Shares and Tuttle Capital Management. T-REX is redefining single-stock ETFs with first-to-market leveraged and inverse exposures. Built to deliver 2x and -2x daily performance on some of the market's most dynamic companies, T-REX funds give traders powerful tools to express high-conviction views. From being the first to launch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the first leveraged 2x ETFs tied to spot Bitcoin (BTCL), T-REX continues to set the pace in ETF innovation. With more than 40 products already trading, the suite is constantly expanding to meet evolving investor demand for tactical, high-impact exposures. For more information, visit rexshares.com. About REX Shares REX Shares offers a suite of exchange-traded products built for both active traders and long-term investors, spanning income, leveraged, thematic, and crypto strategies. Whether making short-term trades, generating income from volatility, or investing in digital assets and emerging themes like drones, REX empowers investors to act on strong market views. For more information, please visit rexshares.com . About Tuttle Capital Management Tuttle Capital Management is a leader in thematic and actively managed ETFs, leveraging an agile investment approach to align with market trends. Please visit www.tuttlecap.com for more information. This ETF does not invest directly in the referenced asset and has a higher degree of risk since it is seeking to track a single stock or asset. A link to the Fund's prospectus can be found here . Click here for fund