SpaceX leveraged ETFs and autism ETF launch (with Scarlet Fu, Katie Greifeld, Eric Balchunas)

Sylvia Jablonski (Defiance ETFs) discusses the launch of the first 2x leveraged SpaceX ETF (SPCL) which sourced IPO shares at $135 for investors. She sees SpaceX as the best commercial representation of the space economy with endless opportunities across AI, satellite, defense. She also introduces an autism-focused ETF (ticker AASD) that donates 100% of profits to autism charities for two years, seeing a strong investment case in future pharma/biomedical innovation.

Yields

NDX

RUT

Oil

Metals

USD

Defiance ETFs 7.5
Asset Manager $1.50B
Sylvia Jablonski 4.0

SpaceX leveraged ETFs and autism ETF launch (with Scarlet Fu, Katie Greifeld, Eric Balchunas)

What did Friday look like at Defiance HQ? The portfolio is just SpaceX.

Katie Greifeld
Sylvia Jablonski

We launched the first 2x leveraged space ETF that held SpaceX. We sourced IPO shares at $135 for investors. SPCL holds a concentrated basket of 1-5 space companies.

Investors had a great experience getting in at IPO price.
Will it stay a space-themed ETF or become a pure SpaceX ETF?

Scarlet Fu
Sylvia Jablonski

SPCL can hold 1-5 names; we also have SPCU (2x pure SpaceX) and a short fund SPCQ. We want investors to have the full gamut.
How big can the 2x space category get? Will it surpass Nvidia/Tesla leveraged ETFs?

Eric Balchunas
Sylvia Jablonski

This is the biggest IPO of our time. SpaceX spans AI hyperscaler, space, satellite, defense, communications, earth observation. I'd be surprised if we don't see billions into SpaceX-related products.

Investors want exposure to this innovation and fourth industrial revolution.
You launched an autism ETF (AASD). What's the investment case?

Eric Balchunas
Sylvia Jablonski

Massive population of children with autism; $3M cost per child to support. We donate 100% of profits for 2 years to autism charities. Investment case: future of medicine/R&D with AI integration into pharma. Many private companies doing autism drug research could go public.

Our founder's son has autism; this was born from personal struggle.

SignalTube

markets at a glance