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SPCF

Ultra SpaceX

SPCF seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of common stock of SpaceX—Space Exploration Technologies Corp. (NASDAQ: SPCX)

How to Buy

What are the benefits of SPCF — a daily 2x SpaceX ETF?

Target Magnified Returns

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

Efficient

SPCF offers 2x exposure to SpaceX (SPCX) with less cash—and without fear of margin calls.

Convenience

Buy and sell leveraged exposure via a single ticker in a brokerage account.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of a single stock (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.

About the Fund
Holdings
Index
Distributions
View fund details
Documents & Downloads
ETF & Index
Fund Fact Sheet
This links to a pdf file This link opens a new window
FAQs About Geared Funds
This links to a pdf file This link opens a new window
NAV History
This links to a pdf file This link opens a new window
Prospectus & Regulatory
Summary Prospectus
Statutory Prospectus
SAI

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

About the Fund

Snapshot
  • Ticker
    SPCF
  • Intraday Ticker
    SPCF.IV
  • CUSIP
    74350U740
  • Inception Date
    6/12/26
  • Net Assets
    $55,072,415
  • Gross Expense Ratio
    1.04%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 7/23/2026
  • NAV
    $11.74
  • NAV Change
    $+0.57 up caret
  • Market Price
    $11.76
  • Market Price Change
    $+0.59 up caret
  • Trading Volume (M)
    1,369,097
  • 30-Day Median Bid Ask Spread
    0.15%
  • View Premium / Discount
Snapshot
  • Ticker
    SPCF
  • Intraday Ticker
    SPCF.IV
  • CUSIP
    74350U740
  • Inception Date
    6/12/26
  • Net Assets
    $55,072,415
  • Gross Expense Ratio
    1.04%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Price
as of 7/23/2026
  • NAV
    $11.74
  • NAV Change
    $+0.57 up caret
  • Market Price
    $11.76
  • Market Price Change
    $+0.59 up caret
  • Trading Volume (M)
    1,369,097
  • 30-Day Median Bid Ask Spread
    0.15%
  • View Premium / Discount

Expenses with Contractual Waiver through September 30, 2027.

Holdings

as of 7/23/2026

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
60.42% -- SPACE EXPLORATION TECHNOLOGIES CORP. (SPCX) SWAP BNP PARIBAS 34,479,966 -- 291,610 --
44.26% -- SPACE EXPLORATION TECHNOLOGIES CORP. (SPCX) SWAP MAREX 25,260,675 -- 213,639 --
29.08% -- SPACE EXPLORATION TECHNOLOGIES CORP. (SPCX) SWAP NATIONAL BANK OF CANADA 16,595,339 -- 140,353 --
24.52% -- SPACE EXPLORATION TECHNOLOGIES CORP. (SPCX) SWAP NOMURA 13,994,295 -- 118,355 --
21.64% -- SPACE EXPLORATION TECHNOLOGIES CORP. (SPCX) SWAP CANTOR FITZGERALD 12,350,523 -- 104,453 --
20.10% -- SPACE EXPLORATION TECHNOLOGIES CORP. (SPCX) SWAP BANK OF AMERICA NA 11,469,398 -- 97,001 --
-- -- NET OTHER ASSETS (LIABILITIES) -- $57,067,088.73 57,067,089 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Underlying Stock

Space Exploration Technologies Corp. (SPCX)

Space Exploration Technologies Corp. and its wholly owned subsidiaries ("SpaceX") operate three business segments: Space, Connectivity, and AI. The Space segment designs, manufactures and launches rockets, intended to be reusable, to space for commercial, civil, international and government customers. The Connectivity business segment operates a worldwide, high-speed broadband network using Starlink satellites to deliver connectivity to consumer, enterprise and government customers. The AI business segment operates a vertically integrated AI platform that includes the large language model, Grok, consumer and enterprise solutions, the real-time information, entertainment, and social media platform X, and computational infrastructure. SpaceX builds compute infrastructure and owns and operates AI training data center clusters.

Distributions

This fund has not made any distributions.

Get the latest perspectives and updates.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of a single stock (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. The ETF's investment exposure is concentrated in the industry in which the underlying stock operates. Narrowly focused investments typically exhibit higher volatility. Investors could potentially lose the full value of their investment within a single day. Please see the summary and full prospectuses at ProShares.com for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

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.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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