SpaceX Mania Powers New Retail-Risk Complex Beyond Wall Street (opens original article in a new tab)

SpaceX's anticipated public debut sparked intense retail investor interest, leading to record pre-IPO inflows and speculative trading across multiple venues, with leveraged ETFs and options amplifying market volatility.

• Investors submitted over $100 billion in orders for SpaceX's offering, overwhelming brokerages.
• Alternative trading venues and ETFs saw significant activity, including leveraged and inverse products tied to SpaceX.
• Leveraged ETFs and options positioning amplify market swings, with $8 billion in rebalancing demand per 1% market move.