US Stocks: Spacex Leveraged Fund Providers Hit By Day-One Launch Setback, Sources Say

SpaceX ETF Launch Delayed Amid SEC Intervention

Recent events have thrown a wrench in the plans of asset managers eager to roll out leveraged exchange-traded funds (ETFs) tied to SpaceX. The Securities and Exchange Commission has stepped in, aiming to protect the highly anticipated initial public offering from any potential disruptions. Major players in the ETF market, including Direxion and ProShares, were gearing up to launch their 2x leveraged funds as soon as next Monday.