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Jun 15, 2026 12:00 PM

When SpaceX Rockets And Bulls Can Aim For 2X The Ride With Direxion's LOFF

Space Exploration Technologies Corp‘s (NASDAQ:SPCX) historic market debut is already getting the Wall Street turbocharger treatment. Just one trading day after SpaceX completed what is being billed as the largest IPO in market history, Direxion rolled out the Direxion Daily SpaceX Bull 2X ETF (NASDAQ:LOFF), giving traders a way to amplify their daily bets on the aerospace giant.

The launch highlights a simple reality: investor demand for SpaceX exposure isn’t waiting around.

From IPO To Leveraged Trade

LOFF seeks daily investment results, before fees and expenses, equal to 200% of SpaceX’s daily performance.

The speed of the launch is notable. While many newly public companies spend months building a trading history before derivative products emerge, SpaceX has gone from private-market darling to leveraged ETF underlying asset in a matter of days.

Direxion said the fund is designed for active traders looking to express a short-term bullish view on the stock.

In comments shared with Benzinga, Direxion CEO Douglas Yones said the firm’s decades of experience ...

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