ProShares Launches SPCF ETF Targeting 2x Daily Returns of SpaceX

Jun 15, 2026

World’s largest provider of leveraged and inverse ETFs expands single-stock ETF lineup with launch of SPCF

BETHESDA, Md. – Jun. 15, 2026 — ProShares, the world’s leader in geared (leveraged and inverse) investing, today announced the launch of ProShares Ultra SpaceX (SPCF), targeting 2x daily returns of SpaceX, giving investors a way to magnify a bullish view on the company following its historic public market debut.

SpaceX's public market debut drew significant investor attention, with shares closing at $161.11, implying a valuation of approximately 2.1 trillion.¹ The company has become a foundational player in global connectivity, AI, and the space economy.

“SPCF offers investors a way to magnify a bullish view on SpaceX without borrowing on margin,” said ProShares CEO Michael L. Sapir. “Investors can target 2x daily returns of SpaceX with the convenience and transparency of an ETF.”

ProShares offers the world’s largest lineup of geared ETFs, with more than 115 funds and over $90 billion in assets across equities, fixed income, commodities, currencies, crypto, and volatility.2 SPCF joins ProShares’ lineup of single-stock ETFs, including funds targeting 2x daily returns of Circle, Coinbase, NVIDIA, Palantir and Tesla.

About ProShares

ProShares has been at the forefront of the ETF revolution since 2006, offering one of the industry’s largest ETF lineups. ProShares, together with its mutual fund affiliate, ProFunds, manages more than $118 billion in assets.3 The company is a leader in strategies such as dividend growth, high income, interest rate hedged bond, crypto and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

To learn more about the company and career opportunities, visit us on LinkedIn or at ProShares.com.

Sources:

1 CNBC, as of 6/12/26
2 Morningstar, as of 5/31/26
3 As of 5/31/26
Media Contact
Steve Schaefer

(212) 207-9456

Steve@hewescomm.com

Investor Contact
ProShares

(866) 776-5125

info@proshares.com
Media Contact
Steve Schaefer

(212) 207-9456

Steve@hewescomm.com

Investor Contact
ProShares

(866) 776-5125

info@proshares.com

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 is subject to extensive government regulation, export controls, and national security requirements, and a significant portion of its revenue is derived from government contracts that may be delayed, reduced, or terminated. 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 prospectus 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 prospectus. Read them carefully before investing.

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

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