SPCF: Leveraged SpaceX ETF

Target 2x Daily SpaceX (SPCX) Returns

2x

Ultra SpaceX

SPCF targets 2x the daily returns of SpaceX (SPCX), a foundational player in global connectivity, AI, and the broader space economy.

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Target 2x daily SpaceX returns through an ETF

Through a single ticker—SPCF—ProShares Ultra SpaceX ETF offers investors 2x daily exposure to the performance of SpaceX (SPCX). SpaceX is a foundational player in global connectivity, AI, and the broader space economy. With SPCF, investors can magnify a bullish view on SpaceX through the convenience and transparency of an ETF.

Frequently Asked Questions About ProShares Ultra SpaceX ETF (SPCF)

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ProShares Ultra SpaceX ETF (SPCF) is an exchange-traded fund that targets 2x the daily returns of SpaceX (SPCX).

SPCF provides investors with a way to access leveraged exposure to SpaceX performance through a single ETF traded on an exchange.

The "best" leveraged SpaceX ETF depends on an investor's objectives.

ProShares Ultra SpaceX ETF (SPCF) is a leveraged ETF that targets 2x or 200% the daily returns of SpaceX stock (SPCX).

Investors may use SPCF to seek magnified exposure to SpaceX through a single ETF. Investors can use SPCF to magnify the impact of their investment in SpaceX. This means putting less money at risk for a desired level of daily exposure. For example, a $10 investment in a 2x leveraged ETF achieves $20 of daily exposure to SPCX’s upside, but with no risk of loss beyond the initial $10 investment. Investors seeking similar leverage outside of an ETF structure might resort to borrowing on margin from their brokerage account, which often incurs higher fees and the risk of losing more than your initial investment.

SPCF seeks to provide 2x the daily performance of SpaceX. The fund primarily gains exposure through investments in swap agreements and shares of SPCX.

SPCX is the common stock of SpaceX. SPCF is a 2x leveraged ETF that targets two times (2x) the daily performance of SPCX. Both SPCX and SPCF can be bought and sold with a single ticker in a brokerage account.

A fund seeking 2x daily exposure aims to deliver two times or 200% the performance of its underlying stock (in this case SPCX) for a single trading day, before fees and expenses.

The fund's exposure is reset daily. As a result, returns over periods longer than one day may differ from two times the cumulative return of the underlying exposure due to the effects of compounding and market volatility.

Investors should monitor leveraged investments regularly and understand the risks associated with daily leveraged exposure.

Some investors seeking leveraged exposure may prefer an ETF structure rather than borrowing on margin. SPCF delivers 2x daily exposure to SpaceX through a single ticker—accessible in a standard brokerage account without the need to establish a margin account, borrow funds directly, or meet margin requirements. Unlike margin borrowing, investors in SPCF are not subject to margin calls, and the maximum loss is generally limited to the amount invested in the fund.

Yes, options trading is available for SPCF.

Space Exploration Technologies Corp. (SpaceX) operates across multiple business segments, including space transportation, connectivity, and artificial intelligence.

Its space business designs, manufactures, and launches rockets and spacecraft for commercial, civil, international, and government customers.

Its connectivity business operates the Starlink satellite network, which provides broadband internet services to consumers, businesses, and governments around the world.

Its AI-related activities include artificial intelligence technologies, data infrastructure, and platforms designed to support AI development and deployment.

Leveraged single-stock ETFs seek a daily investment objective and can be significantly more volatile than traditional diversified ETFs.

Because these funds provide exposure to a single company, they are subject to company-specific risks and may experience larger price movements than broader market funds.

In addition, the effects of daily compounding can cause returns over periods longer than one day to differ significantly from the stated leverage multiple.

Investors should carefully review a fund's prospectus and understand its investment objective, risks, charges, and expenses before investing.

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This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

This leveraged single-stock ETF’s performance depends almost entirely on the performance of its underlying single stock, which involves significant risk and eliminates the benefits of diversification. Following its IPO, the underlying stock may experience very high volatility. Before investing, you should carefully consider that high volatility may have a significant negative impact on the Fund’s performance. It may also experience abnormal returns, which should not be expected to persist. The ETF’s performance should be measured from one NAV calculation time to the next and does not represent the returns you would receive if you traded shares at other times. IPO investments generally carry higher risks, including limited trading history, market risk, and liquidity concerns. The underlying stock may experience periods of low liquidity, making it difficult to buy or sell at desired prices. Large ETF positions may increase this risk and impact the underlying stock’s market price. During such times, the ETF may face losses, wider bid-ask spreads, and challenges in managing its exposure. SpaceX faces risks related to launch failures, spacecraft and satellite development delays, regulatory and geopolitical conditions, and reliance on complex technologies and infrastructure. The company also faces intense competition, supply chain disruptions, rising costs, cyberattacks, litigation, and reputational events that may affect its business and operations. You should refer to the prospectus for a more complete description of issuer risks.

ProShares has derived all disclosures herein regarding the issuer from publicly available sources it deems to be reliable and makes no representation as to their accuracy or completeness. ProShares cannot give any assurance that all relevant events that would affect the trading price of the issuer have been publicly disclosed. Any future developments, whether disclosed or not, could affect the value of the issuer and, in turn, the value of the ETF. The ETF and ProShare Advisors LLC are not affiliated with the underlying stock issuer.

Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

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