

The Defiance Daily Target 2X Short SpaceX ETF (CBOE:SPCQ) is up about 10% today, trading around $23 per share, as shares of Space Exploration Technologies (NASDAQ:SPCX | SPCX Price Prediction) slide below $125, $10 under the original IPO price.

MIAMI, June 15, 2026 (GLOBE NEWSWIRE) -- Defiance ETFs today announced the launch of the Defiance Daily Target 2X Short SpaceX ETF (SPCQ), expanding its lineup of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative growth companies. SPCQ is designed for traders seeking magnified, short-term inverse exposure to Space Exploration Technologies Corporation (“SpaceX”) (NASDAQ: SPCX), a leading aerospace and satellite communications company that recently completed its initial public offering and is focused on reusable launch systems, commercial space transportation, and global broadband connectivity through its Starlink network.