{"success":true,"data":{"pressRelease":{"id":"63612","rtpr_id":"nBw2Y2CWsa","ticker":"SPAX","exchange":"NYSE Arca","all_tickers":["SPAX","SPCX"],"title":"REX Shares Launches T-REX 2X Long SpaceX Daily Target ETF (SPAX)","author":"Business Wire","published_at":"2026-06-15T12:00:00.902Z","article_body":"REX Shares Launches T-REX 2X Long SpaceX Daily Target ETF (SPAX)\n\nREX Shares (“REX”) and Tuttle Capital Management (“TCM”) today\nannounce the launch of the T-REX 2X Long SpaceX Daily Target ETF (NYSE Arca:\nSPAX), a leveraged ETF providing 2x daily long exposure to Space Exploration\nTechnologies Corporation (Nasdaq: SPCX).\n\nSPAX is designed to deliver 200% of SPCX's daily stock price performance,\nbefore fees and expenses, giving traders a tool to engage with one of the most\nclosely watched public market debuts in years. SpaceX designs and launches the\nreusable Falcon rockets and Dragon spacecraft that anchor the commercial space\nindustry, and operates Starlink, the largest satellite network ever deployed.\nSpaceX is also increasingly an artificial-intelligence story: its February\n2026 acquisition of xAI — the developer of the Grok AI model — folded AI\ncompute, Grok, and the X platform into the company, which has since outlined\nplans to deploy orbital AI-compute satellites built on its rocket and Starlink\ninfrastructure. The Fund intends to commence investment operations in\nconnection with SpaceX's initial public offering, with SPCX expected to begin\ntrading on June 12, 2026.\n\n“Few companies have generated this much anticipation ahead of a public\nlisting, and that demand doesn’t wait for the stock to settle in,” said\nGreg King, CEO and Founder of REX. “SPAX is designed to give traders 2x\ndaily long exposure to SpaceX from the very first session, inside a liquid,\ntransparent ETF.”\n\n“This is exactly the kind of name T-REX was built for,” added Matt Tuttle,\nCEO and CIO of Tuttle Capital Management. “A newly public, high-volatility\nstock is exactly the kind of name where investors hold strong views but have\nhad no clean way to act on them, and SPAX is designed to let traders press a\ndaily long view on SPCX with conviction.”\n\nIn a post on X, SpaceX thanked Tuttle Capital Management for the SPCX ticker\n— a symbol Tuttle had used for one of its ETFs before it passed to SpaceX\nfor the listing.\n\nThis launch expands the T-REX ETF suite, which now includes over 40 leveraged\nand inverse single-stock ETFs, including first-to-market 2x exposures to\nRobinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT).\n\nInvesting in the Fund is not equivalent to investing directly in SPCX.\n\nInvesting in the fund involves significant risk and is for sophisticated\ninvestors. The Fund is not suitable for all investors. The Fund is designed to\nbe utilized only by knowledgeable investors who understand the potential\nconsequences of seeking daily leveraged (2X) investment results, understand\nthe risks associated with the use of leverage and are willing to monitor their\nportfolios frequently. The Fund is not intended to be used by, and is not\nappropriate for, investors who do not intend to actively monitor and manage\ntheir portfolios. For periods longer than a single day, the Fund will lose\nmoney if SPCX’s performance is flat, and it is possible that the Fund will\nlose money even if SPCX’s performance increases over a period longer than a\nsingle day. An investor could lose the full principal value of his/her\ninvestment within a single day if the price of SPCX falls by more than 50% in\none trading day.\n\nFor full fund information, holdings, and risk disclosures, visit\nrexshares.com.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=rexshares.com.&index=1&md5=14d61e89565d951788550b1bfd5e38d3)\n\nAbout T-REX\n\nThe T-REX lineup is a partnership between REX Shares and Tuttle Capital\nManagement. T-REX is redefining single-stock ETFs with first-to-market\nleveraged and inverse exposures. Built to deliver 2x and -2x daily performance\non some of the market's most dynamic companies, T-REX funds give traders\npowerful tools to express high-conviction views. From being the first to\nlaunch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the\nfirst leveraged 2x ETFs tied to spot Bitcoin (BTCL), T-REX continues to set\nthe pace in ETF innovation. With more than 40 products already trading, the\nsuite is constantly expanding to meet evolving investor demand for tactical,\nhigh-impact exposures. For more information, visit rexshares.com.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=rexshares.com.&index=2&md5=9cd7ebde13e74254df4e2a826bae8117)\n\nAbout REX Shares\n\nREX Shares offers a suite of exchange-traded products built for both active\ntraders and long-term investors, spanning income, leveraged, thematic, and\ncrypto strategies. Whether making short-term trades, generating income from\nvolatility, or investing in digital assets and emerging themes like drones,\nREX empowers investors to act on strong market views.\n\nFor more information, please visit rexshares.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=rexshares.com&index=3&md5=61306b0be2d9de672f1755d349ba1a31)\n.\n\nAbout Tuttle Capital Management\n\nTuttle Capital Management is a leader in thematic and actively managed ETFs,\nleveraging an agile investment approach to align with market trends. Please\nvisit www.tuttlecap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tuttlecap.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=www.tuttlecap.com&index=4&md5=24229ca0d7a5fcfc6f51c69a273fd6b7)\nfor more information.\n\nThis ETF does not invest directly in the referenced asset and has a higher\ndegree of risk since it is seeking to track a single stock or asset.\n\nA link to the Fund's prospectus can be found here\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rexshares.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fetfot-t-rex-2x-long-spacex-prospectus-485b-june-2026-final.pdf&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=here&index=5&md5=e2212f355cbcacf4d5daf90b3c405035)\n. Click here\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com%2Fspax&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=here&index=6&md5=4b8f9196be000298ec5335c13e251efa)\nfor fund holdings.\n\nInvestors should consider the investment objectives, risk, charges, and\nexpenses carefully before investing. For a prospectus or summary prospectus\nwith this and other information about the T-REX ETFs please call\n1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and\nsummary prospectus carefully before investing.\n\nThere is no guarantee that the Fund will achieve its investment objective.\nInvesting involves risk, including possible loss of principal.\n\nImportant Risks\n\nInvesting in a REX Shares ETF may be more volatile than investing in broadly\ndiversified funds. The use of leverage by a Fund increases the risk to the\nFund. The REX Shares ETFs are not suitable for all investors and should be\nutilized only by sophisticated investors who understand leverage risk,\nconsequences of seeking daily leveraged, or daily inverse leveraged,\ninvestment results and intend to actively monitor and manage their investment.\n\nAn investment in the Fund entails risk. The Fund may not achieve its leveraged\ninvestment objective and there is a risk that you could lose all of your money\ninvested in the Fund. The Fund is not a complete investment program. In\naddition, the Fund presents risks not traditionally associated with other\nmutual funds and ETFs. It is important that investors closely review all of\nthe risks listed below and understand them before making an investment in the\nFund.\n\nNew Fund and Pre-IPO Risk. As of the date of this press release, the Fund has\nno operating history and currently has fewer assets than larger funds. The\nFund intends to commence investment operations on the day SPCX begins trading\npublicly. Prior to and immediately following the SpaceX IPO, SPCX will have no\ntrack record of historical performance or daily volatility, and trading in\nSPCX may be highly volatile. Like other new funds, large inflows and outflows\nmay impact the Fund's market exposure for limited periods of time.\n\nFixed Income Securities Risk. When the Fund invests in fixed income\nsecurities, the value of your investment in the Fund will fluctuate with\nchanges in interest rates. Typically, a rise in interest rates causes a\ndecline in the value of fixed income securities owned by the Fund.\n\nSpaceX Investing Risk. SpaceX is a commercial space transportation and\naerospace technology company whose business model is dependent on the\nsuccessful development, launch and operation of complex space systems,\nincluding launch vehicles, spacecraft and satellite constellations.\n\nEffects of Compounding and Market Volatility Risk. The Fund has a daily\nleveraged investment objective and the Fund's performance for periods greater\nthan a trading day will be the result of each day's returns compounded over\nthe period, which is very likely to differ from 200% of the underlying's\nperformance, before fees and expenses. Compounding affects all investments,\nbut has a more significant impact on funds that are leveraged and that\nrebalance daily and becomes more pronounced as volatility and holding periods\nincrease. The impact of compounding will impact each shareholder differently\ndepending on the period of time an investment in the Fund is held and the\nvolatility of the underlying stock during the shareholder's holding period of\nan investment in the Fund.\n\nLeverage Risk. The Fund obtains investment exposure in excess of its net\nassets by utilizing leverage and may lose more money in market conditions that\nare adverse to its investment objective than a fund that does not utilize\nleverage. An investment in the Fund is exposed to the risk that a decline in\nthe daily performance of the underlying stock will be magnified. This means\nthat an investment in the Fund will be reduced by an amount equal to 2% for\nevery 1% daily decline in the underlying, not including the costs of financing\nleverage and other operating expenses, which would further reduce its value.\n\nDerivatives Risk. Derivatives are financial instruments that derive value from\nthe underlying reference asset or assets, such as stocks, bonds, or funds\n(including ETFs), interest rates or indexes. Investing in derivatives may be\nconsidered aggressive and may expose the Fund to greater risks, and may result\nin larger losses or small gains, than investing directly in the reference\nassets underlying those derivatives, which may prevent the Fund from achieving\nits investment objective.\n\nSwap Agreements. Swap agreements are entered into primarily with major global\nfinancial institutions for a specified period which may range from one day to\nmore than one year. In a standard swap transaction, two parties agree to\nexchange the return (or differentials in rates of return) earned or realized\non particular predetermined reference or underlying securities or instruments.\nThe gross return to be exchanged or swapped between the parties is calculated\nbased on a notional amount or the return on or change in value of a particular\ndollar amount invested in a reference asset. Swap agreements are generally\ntraded over-the-counter, and therefore, may not receive regulatory protection,\nwhich may expose investors to significant losses.\n\nRebalancing Risk. If for any reason the Fund is unable to rebalance all or a\npart of its portfolio, or if all or a portion of the portfolio is rebalanced\nincorrectly, the Fund's investment exposure may not be consistent with its\ninvestment objective. In these instances, the Fund may have investment\nexposure to the underlying stock that is significantly greater or\nsignificantly less than its stated multiple. The Fund may be more exposed to\nleverage risk than if it had been properly rebalanced and may not achieve its\ninvestment objective, leading to significantly greater losses or reduced\ngains.\n\nCounterparty Risk. A counterparty may be unwilling or unable to make timely\npayments to meet its contractual obligations or may fail to return holdings\nthat are subject to the agreement with the counterparty.\n\nLiquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be\nilliquid, particularly during times of market turmoil. Illiquid securities may\nbe difficult to value, especially in changing or volatile markets. If the Fund\nis forced to buy or sell an illiquid security or derivative instrument at an\nunfavorable time or price, the Fund may be adversely impacted. Certain market\nconditions or restrictions may prevent the Fund from limiting losses,\nrealizing gains or achieving a high correlation with the underlying stock.\nThere is no assurance that a security or derivative instrument that is deemed\nliquid when purchased will continue to be liquid. Market illiquidity may cause\nlosses for the Fund. To the extent that the underlying stock value increases\nor decreases significantly, the Fund may be one of many market participants\nthat are attempting to transact in the underlying stock.\n\nNon-Diversification Risk. The Fund is classified as “non-diversified”\nunder the Investment Company Act of 1940, as amended. This means it has the\nability to invest a relatively high percentage of its assets in the securities\nof a small number of issuers or in financial instruments with a single\ncounterparty or a few counterparties.\n\nUnderlying Security Investing Risk. Issuer-specific attributes may cause an\ninvestment held by the Fund to be more volatile than the market generally. The\nvalue of an individual security or particular type of security may be more\nvolatile than the market as a whole and may perform differently from the value\nof the market as a whole.\n\nThe Fund's investment adviser will not attempt to position the Fund's\nportfolio to ensure that the Fund does not gain or lose more than a maximum\npercentage of its net asset value on a given trading day. As a consequence, if\nthe Fund's underlying security moves more than 50% on a given trading day in a\ndirection adverse to the Fund, the Fund's investors would lose all of their\nmoney.\n\nDistributor: Foreside Fund Services, LLC, member FINRA, not affiliated with\nREX Shares or the Funds' investment advisor.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260615787474/en/\n(https://www.businesswire.com/news/home/20260615787474/en/)\n\nFor media inquiries, please contact:\n\nGregory for REX: rexfin@gregoryagency.com \n(mailto:rexfin@gregoryagency.com) \nMatthew Tuttle for Tuttle Capital: mtuttle@tuttlecap.com\n(mailto:mtuttle@tuttlecap.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2Y2CWsa","title":"REX Shares Launches T-REX 2X Long SpaceX Daily Target ETF (SPAX)","author":"Business Wire","ticker":"SPAX","created":"2026-06-15T12:00:00.902Z","tickers":["SPAX","SPCX"],"exchange":"NYSE Arca","article_body":"REX Shares Launches T-REX 2X Long SpaceX Daily Target ETF (SPAX)\n\nREX Shares (“REX”) and Tuttle Capital Management (“TCM”) today\nannounce the launch of the T-REX 2X Long SpaceX Daily Target ETF (NYSE Arca:\nSPAX), a leveraged ETF providing 2x daily long exposure to Space Exploration\nTechnologies Corporation (Nasdaq: SPCX).\n\nSPAX is designed to deliver 200% of SPCX's daily stock price performance,\nbefore fees and expenses, giving traders a tool to engage with one of the most\nclosely watched public market debuts in years. SpaceX designs and launches the\nreusable Falcon rockets and Dragon spacecraft that anchor the commercial space\nindustry, and operates Starlink, the largest satellite network ever deployed.\nSpaceX is also increasingly an artificial-intelligence story: its February\n2026 acquisition of xAI — the developer of the Grok AI model — folded AI\ncompute, Grok, and the X platform into the company, which has since outlined\nplans to deploy orbital AI-compute satellites built on its rocket and Starlink\ninfrastructure. The Fund intends to commence investment operations in\nconnection with SpaceX's initial public offering, with SPCX expected to begin\ntrading on June 12, 2026.\n\n“Few companies have generated this much anticipation ahead of a public\nlisting, and that demand doesn’t wait for the stock to settle in,” said\nGreg King, CEO and Founder of REX. “SPAX is designed to give traders 2x\ndaily long exposure to SpaceX from the very first session, inside a liquid,\ntransparent ETF.”\n\n“This is exactly the kind of name T-REX was built for,” added Matt Tuttle,\nCEO and CIO of Tuttle Capital Management. “A newly public, high-volatility\nstock is exactly the kind of name where investors hold strong views but have\nhad no clean way to act on them, and SPAX is designed to let traders press a\ndaily long view on SPCX with conviction.”\n\nIn a post on X, SpaceX thanked Tuttle Capital Management for the SPCX ticker\n— a symbol Tuttle had used for one of its ETFs before it passed to SpaceX\nfor the listing.\n\nThis launch expands the T-REX ETF suite, which now includes over 40 leveraged\nand inverse single-stock ETFs, including first-to-market 2x exposures to\nRobinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT).\n\nInvesting in the Fund is not equivalent to investing directly in SPCX.\n\nInvesting in the fund involves significant risk and is for sophisticated\ninvestors. The Fund is not suitable for all investors. The Fund is designed to\nbe utilized only by knowledgeable investors who understand the potential\nconsequences of seeking daily leveraged (2X) investment results, understand\nthe risks associated with the use of leverage and are willing to monitor their\nportfolios frequently. The Fund is not intended to be used by, and is not\nappropriate for, investors who do not intend to actively monitor and manage\ntheir portfolios. For periods longer than a single day, the Fund will lose\nmoney if SPCX’s performance is flat, and it is possible that the Fund will\nlose money even if SPCX’s performance increases over a period longer than a\nsingle day. An investor could lose the full principal value of his/her\ninvestment within a single day if the price of SPCX falls by more than 50% in\none trading day.\n\nFor full fund information, holdings, and risk disclosures, visit\nrexshares.com.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=rexshares.com.&index=1&md5=14d61e89565d951788550b1bfd5e38d3)\n\nAbout T-REX\n\nThe T-REX lineup is a partnership between REX Shares and Tuttle Capital\nManagement. T-REX is redefining single-stock ETFs with first-to-market\nleveraged and inverse exposures. Built to deliver 2x and -2x daily performance\non some of the market's most dynamic companies, T-REX funds give traders\npowerful tools to express high-conviction views. From being the first to\nlaunch 2x and -2x ETFs on Tesla (TSLT) and Nvidia (NVDX), to pioneering the\nfirst leveraged 2x ETFs tied to spot Bitcoin (BTCL), T-REX continues to set\nthe pace in ETF innovation. With more than 40 products already trading, the\nsuite is constantly expanding to meet evolving investor demand for tactical,\nhigh-impact exposures. For more information, visit rexshares.com.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=rexshares.com.&index=2&md5=9cd7ebde13e74254df4e2a826bae8117)\n\nAbout REX Shares\n\nREX Shares offers a suite of exchange-traded products built for both active\ntraders and long-term investors, spanning income, leveraged, thematic, and\ncrypto strategies. Whether making short-term trades, generating income from\nvolatility, or investing in digital assets and emerging themes like drones,\nREX empowers investors to act on strong market views.\n\nFor more information, please visit rexshares.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=rexshares.com&index=3&md5=61306b0be2d9de672f1755d349ba1a31)\n.\n\nAbout Tuttle Capital Management\n\nTuttle Capital Management is a leader in thematic and actively managed ETFs,\nleveraging an agile investment approach to align with market trends. Please\nvisit www.tuttlecap.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.tuttlecap.com&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=www.tuttlecap.com&index=4&md5=24229ca0d7a5fcfc6f51c69a273fd6b7)\nfor more information.\n\nThis ETF does not invest directly in the referenced asset and has a higher\ndegree of risk since it is seeking to track a single stock or asset.\n\nA link to the Fund's prospectus can be found here\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.rexshares.com%2Fwp-content%2Fuploads%2F2026%2F06%2Fetfot-t-rex-2x-long-spacex-prospectus-485b-june-2026-final.pdf&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=here&index=5&md5=e2212f355cbcacf4d5daf90b3c405035)\n. Click here\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Frexshares.com%2Fspax&esheet=54552843&newsitemid=20260615787474&lan=en-US&anchor=here&index=6&md5=4b8f9196be000298ec5335c13e251efa)\nfor fund holdings.\n\nInvestors should consider the investment objectives, risk, charges, and\nexpenses carefully before investing. For a prospectus or summary prospectus\nwith this and other information about the T-REX ETFs please call\n1-844-802-4004 or visit our website at rexshares.com. Read the prospectus and\nsummary prospectus carefully before investing.\n\nThere is no guarantee that the Fund will achieve its investment objective.\nInvesting involves risk, including possible loss of principal.\n\nImportant Risks\n\nInvesting in a REX Shares ETF may be more volatile than investing in broadly\ndiversified funds. The use of leverage by a Fund increases the risk to the\nFund. The REX Shares ETFs are not suitable for all investors and should be\nutilized only by sophisticated investors who understand leverage risk,\nconsequences of seeking daily leveraged, or daily inverse leveraged,\ninvestment results and intend to actively monitor and manage their investment.\n\nAn investment in the Fund entails risk. The Fund may not achieve its leveraged\ninvestment objective and there is a risk that you could lose all of your money\ninvested in the Fund. The Fund is not a complete investment program. In\naddition, the Fund presents risks not traditionally associated with other\nmutual funds and ETFs. It is important that investors closely review all of\nthe risks listed below and understand them before making an investment in the\nFund.\n\nNew Fund and Pre-IPO Risk. As of the date of this press release, the Fund has\nno operating history and currently has fewer assets than larger funds. The\nFund intends to commence investment operations on the day SPCX begins trading\npublicly. Prior to and immediately following the SpaceX IPO, SPCX will have no\ntrack record of historical performance or daily volatility, and trading in\nSPCX may be highly volatile. Like other new funds, large inflows and outflows\nmay impact the Fund's market exposure for limited periods of time.\n\nFixed Income Securities Risk. When the Fund invests in fixed income\nsecurities, the value of your investment in the Fund will fluctuate with\nchanges in interest rates. Typically, a rise in interest rates causes a\ndecline in the value of fixed income securities owned by the Fund.\n\nSpaceX Investing Risk. SpaceX is a commercial space transportation and\naerospace technology company whose business model is dependent on the\nsuccessful development, launch and operation of complex space systems,\nincluding launch vehicles, spacecraft and satellite constellations.\n\nEffects of Compounding and Market Volatility Risk. The Fund has a daily\nleveraged investment objective and the Fund's performance for periods greater\nthan a trading day will be the result of each day's returns compounded over\nthe period, which is very likely to differ from 200% of the underlying's\nperformance, before fees and expenses. Compounding affects all investments,\nbut has a more significant impact on funds that are leveraged and that\nrebalance daily and becomes more pronounced as volatility and holding periods\nincrease. The impact of compounding will impact each shareholder differently\ndepending on the period of time an investment in the Fund is held and the\nvolatility of the underlying stock during the shareholder's holding period of\nan investment in the Fund.\n\nLeverage Risk. The Fund obtains investment exposure in excess of its net\nassets by utilizing leverage and may lose more money in market conditions that\nare adverse to its investment objective than a fund that does not utilize\nleverage. An investment in the Fund is exposed to the risk that a decline in\nthe daily performance of the underlying stock will be magnified. This means\nthat an investment in the Fund will be reduced by an amount equal to 2% for\nevery 1% daily decline in the underlying, not including the costs of financing\nleverage and other operating expenses, which would further reduce its value.\n\nDerivatives Risk. Derivatives are financial instruments that derive value from\nthe underlying reference asset or assets, such as stocks, bonds, or funds\n(including ETFs), interest rates or indexes. Investing in derivatives may be\nconsidered aggressive and may expose the Fund to greater risks, and may result\nin larger losses or small gains, than investing directly in the reference\nassets underlying those derivatives, which may prevent the Fund from achieving\nits investment objective.\n\nSwap Agreements. Swap agreements are entered into primarily with major global\nfinancial institutions for a specified period which may range from one day to\nmore than one year. In a standard swap transaction, two parties agree to\nexchange the return (or differentials in rates of return) earned or realized\non particular predetermined reference or underlying securities or instruments.\nThe gross return to be exchanged or swapped between the parties is calculated\nbased on a notional amount or the return on or change in value of a particular\ndollar amount invested in a reference asset. Swap agreements are generally\ntraded over-the-counter, and therefore, may not receive regulatory protection,\nwhich may expose investors to significant losses.\n\nRebalancing Risk. If for any reason the Fund is unable to rebalance all or a\npart of its portfolio, or if all or a portion of the portfolio is rebalanced\nincorrectly, the Fund's investment exposure may not be consistent with its\ninvestment objective. In these instances, the Fund may have investment\nexposure to the underlying stock that is significantly greater or\nsignificantly less than its stated multiple. The Fund may be more exposed to\nleverage risk than if it had been properly rebalanced and may not achieve its\ninvestment objective, leading to significantly greater losses or reduced\ngains.\n\nCounterparty Risk. A counterparty may be unwilling or unable to make timely\npayments to meet its contractual obligations or may fail to return holdings\nthat are subject to the agreement with the counterparty.\n\nLiquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be\nilliquid, particularly during times of market turmoil. Illiquid securities may\nbe difficult to value, especially in changing or volatile markets. If the Fund\nis forced to buy or sell an illiquid security or derivative instrument at an\nunfavorable time or price, the Fund may be adversely impacted. Certain market\nconditions or restrictions may prevent the Fund from limiting losses,\nrealizing gains or achieving a high correlation with the underlying stock.\nThere is no assurance that a security or derivative instrument that is deemed\nliquid when purchased will continue to be liquid. Market illiquidity may cause\nlosses for the Fund. To the extent that the underlying stock value increases\nor decreases significantly, the Fund may be one of many market participants\nthat are attempting to transact in the underlying stock.\n\nNon-Diversification Risk. The Fund is classified as “non-diversified”\nunder the Investment Company Act of 1940, as amended. This means it has the\nability to invest a relatively high percentage of its assets in the securities\nof a small number of issuers or in financial instruments with a single\ncounterparty or a few counterparties.\n\nUnderlying Security Investing Risk. Issuer-specific attributes may cause an\ninvestment held by the Fund to be more volatile than the market generally. The\nvalue of an individual security or particular type of security may be more\nvolatile than the market as a whole and may perform differently from the value\nof the market as a whole.\n\nThe Fund's investment adviser will not attempt to position the Fund's\nportfolio to ensure that the Fund does not gain or lose more than a maximum\npercentage of its net asset value on a given trading day. As a consequence, if\nthe Fund's underlying security moves more than 50% on a given trading day in a\ndirection adverse to the Fund, the Fund's investors would lose all of their\nmoney.\n\nDistributor: Foreside Fund Services, LLC, member FINRA, not affiliated with\nREX Shares or the Funds' investment advisor.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260615787474/en/\n(https://www.businesswire.com/news/home/20260615787474/en/)\n\nFor media inquiries, please contact:\n\nGregory for REX: rexfin@gregoryagency.com \n(mailto:rexfin@gregoryagency.com) \nMatthew Tuttle for Tuttle Capital: mtuttle@tuttlecap.com\n(mailto:mtuttle@tuttlecap.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-15T12:00:02.030549293Z","server_sent_at_ms":1781524802030},"received_at":"2026-06-15T12:00:02.169Z","source_url":"https://www.businesswire.com/news/home/20260615787474/en/"},"analysis":{"id":"53035","press_release_id":"63612","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["High leverage risk: 2x daily exposure can lead to significant losses due to compounding in volatile markets.","New fund risk: No operating history; underlying asset (SPCX) has no public trading track record at launch.","Single-stock concentration: Non-diversified fund tied to one issuer."],"eventType":"product_launch","narrative":"REX Shares and Tuttle Capital Management launched the T-REX 2X Long SpaceX Daily Target ETF (SPAX), providing 2x daily long exposure to SpaceX (SPCX).\n\nThe fund is designed to commence operations upon SpaceX's initial public offering, with SPCX expected to begin trading on June 12, 2026.\n\nSPAX expands the T-REX suite, which now includes over 40 leveraged and inverse single-stock ETFs, targeting high-volatility names like Tesla and Nvidia.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"New leveraged ETF launches ahead of SpaceX IPO, offering 2x daily exposure to the highly anticipated listing."},"keyFigures":{"customDimensions":{"etf_suite_count":"over 40","leverage_multiple":"2x","underlying_ticker":"SPCX"}},"quotedText":"SPAX is designed to give traders 2x daily long exposure to SpaceX from the very first session, inside a liquid, transparent ETF.","namedEntities":{"people":[{"name":"Greg King","role":"CEO and Founder of REX"},{"name":"Matt Tuttle","role":"CEO and CIO of Tuttle Capital Management"}],"products":["T-REX 2X Long SpaceX Daily Target ETF","SPAX","Falcon rockets","Dragon spacecraft","Starlink","Grok"],"companies":[{"name":"REX Shares","ticker":"","relationship":"issuer"},{"name":"Tuttle Capital Management","ticker":"","relationship":"partner"},{"name":"SpaceX","ticker":"SPCX","relationship":"underlying asset"},{"name":"xAI","ticker":"","relationship":"subsidiary of underlying"},{"name":"Robinhood","ticker":"ROBN","relationship":"competitor/peer ETF underlying"},{"name":"Nvidia","ticker":"NVDX","relationship":"competitor/peer ETF underlying"},{"name":"Tesla","ticker":"TSLT","relationship":"competitor/peer ETF underlying"},{"name":"Foreside Fund Services, LLC","ticker":"","relationship":"distributor"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"This is a standard launch announcement for a new leveraged ETF. It does not represent a material operational change, earnings event, or strategic partnership for the issuer (REX Shares). It is routine product expansion for an ETF provider."},"tickerRelevance":{"others":[{"ticker":"SPCX","relevance":"underlying"},{"ticker":"ROBN","relevance":"peer ETF underlying"},{"ticker":"NVDX","relevance":"peer ETF underlying"},{"ticker":"TSLT","relevance":"peer ETF underlying"}],"primary":"SPAX"},"globalImportance":25,"audienceRelevance":40,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"new-listing","eventGravity":"product_launch","sectorWeight":"financials","householdBrandBoost":"high (SpaceX association)","retailFavoriteBoost":"high (leveraged/meme-adjacent product)"}},"event_type":"product_launch","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"REX Shares and Tuttle Capital Management launched the T-REX 2X Long SpaceX Daily Target ETF (SPAX), providing 2x daily long exposure to SpaceX (SPCX).\n\nThe fund is designed to commence operations upon SpaceX's initial public offering, with SPCX expected to begin trading on June 12, 2026.\n\nSPAX expands the T-REX suite, which now includes over 40 leveraged and inverse single-stock ETFs, targeting high-volatility names like Tesla and Nvidia.","key_figures":{"customDimensions":{"etf_suite_count":"over 40","leverage_multiple":"2x","underlying_ticker":"SPCX"}},"named_entities":{"people":[{"name":"Greg King","role":"CEO and Founder of REX"},{"name":"Matt Tuttle","role":"CEO and CIO of Tuttle Capital Management"}],"products":["T-REX 2X Long SpaceX Daily Target ETF","SPAX","Falcon rockets","Dragon spacecraft","Starlink","Grok"],"companies":[{"name":"REX Shares","ticker":"","relationship":"issuer"},{"name":"Tuttle Capital Management","ticker":"","relationship":"partner"},{"name":"SpaceX","ticker":"SPCX","relationship":"underlying asset"},{"name":"xAI","ticker":"","relationship":"subsidiary of underlying"},{"name":"Robinhood","ticker":"ROBN","relationship":"competitor/peer ETF underlying"},{"name":"Nvidia","ticker":"NVDX","relationship":"competitor/peer ETF underlying"},{"name":"Tesla","ticker":"TSLT","relationship":"competitor/peer ETF underlying"},{"name":"Foreside Fund Services, LLC","ticker":"","relationship":"distributor"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-15T12:05:47.941Z","global_importance":25,"audience_relevance":40,"importance_components":{"tickerTier":"new-listing","eventGravity":"product_launch","sectorWeight":"financials","householdBrandBoost":"high (SpaceX association)","retailFavoriteBoost":"high (leveraged/meme-adjacent product)"}},"durationMs":21708,"modelName":"george-droid-qwen-72b"}}