Musk Mania Expands: SpaceX Becomes the Next All-Things-Elon Trade
Direxion CEO Douglas Yones says demand for Elon Musk–linked investments is expanding from Tesla to SpaceX as the space company begins trading publicly, with Direxion launching the 2x levered SpaceX ETF LOFF to give investors a leveraged Musk exposure. The move follows the Tesla-led mania in Musk-era investments and signals growing interest from both retail and institutional buyers, suggesting SpaceX could extend the “all things Elon” trade beyond electric vehicles.