The speculative machinery surrounding the SpaceX IPO (SPCX) is officially entering hyper-drive. Financial sponsors announced that a staggering wave of 25 different single-stock leveraged and inverse SpaceX ETFs are launching just one day after SPCX shares started trading.
This is like January 2024 all over again, when 12 spot Bitcoin ETFs debuted within just a few days of each other. Except that this is a highly leveraged version of the feeding frenzy.