ProShares Expected to Launch SPCF ETF Targeting 2x Daily Returns of SpaceX on June 12

World's largest provider of leveraged and inverse ETFs set to debut single-stock ETF on same day as SpaceX's IPO.

BETHESDA, Md.-ProShares, the world's leader in geared (leveraged and inverse) investing, today announced plans to launch ProShares Ultra SpaceX (SPCF) targeting 2x daily returns of SpaceX on the same day that SpaceX is scheduled to go public, June 12, 2026.

SpaceX has become a foundational player in global connectivity, AI, and the space economy. The company is aiming to raise $75 billion in its initial public offering, which would make it the largest IPO valuation in history at $1.75 trillion.¹

"SPCF intends to offer investors a way to magnify a bullish view on SpaceX without borrowing on margin on the day of SpaceX's IPO," said ProShares CEO Michael L. Sapir. "Investors will be able to 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.