T-REX 2X Long SpaceX Daily Target ETF (SPAX) Price & Chart

T-REX 2X Long SpaceX Daily Target ETF

SPAX — T-REX 2X Long SpaceX Daily Target ETF is a sector-focused, leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of SpaceX. Classified in the Communication Services sector with a niche emphasis on Alternative Carriers, the fund is designed to amplify short-term exposure to companies and business models centered on non‑traditional communications infrastructure—most notably satellite internet and related space-based connectivity pioneered by SpaceX/Starlink. To achieve its objective the ETF uses financial instruments such as derivatives and swap arrangements to target twice the single-day return of the referenced underlying performance; it resets and is rebalanced daily, and expressly does not seek to match its stated objective for periods other than a single trading day. Because of daily resetting and the effects of compounding, returns for multi‑day periods can diverge materially from two times the cumulative return of the underlying and may be substantially different during volatile markets. SPAX is intended primarily for sophisticated or active traders seeking tactical, short‑term leveraged exposure or a means to express a directional view on SpaceX’s daily performance within the Alternative Carriers niche. Investors should be aware of the heightened risk profile—including amplified gains and losses, leverage costs, volatility drag, and the need for close monitoring—and assess whether a daily leveraged product aligns with their risk tolerance and investment horizon.