Woofun AI reports that REX Shares has officially launched the T-REX 2X Long SpaceX Daily Target ETF, trading under the ticker SPAX. This new financial instrument is designed to deliver 2X single-day long leveraged exposure to SpaceX stock, catering to investors seeking amplified daily returns on the aerospace giant's equity performance.

The issuer emphasized that SPAX is a high-risk leveraged product intended solely for investors with professional trading experience. REX Shares cautioned that holding periods extending beyond a single day may result in significant deviation from the underlying asset's performance due to compounding effects, necessitating strict risk management protocols.