The highly anticipated SpaceX IPO has prompted a surge in interest around various exchange-traded funds (ETFs) aimed at investors eager to get a piece of the space economy. Many expect that these SpaceX-related ETFs will gain immense popularity, with options for leveraged investments also hitting the market. Notable developments include Vanguard positioning itself as a significant investor and numerous funds racing to adapt their strategies in response to the IPO. Some ETFs announced plans for 2x leverage on the first day of trading, while others began offering inverse access to SpaceX stock. Amidst the excitement, analysts warn of potential risks linked to the rapid influx of new SpaceX-related investments. Investors are advised to carefully consider the implications of these products, as many retail investors may already find exposure to SpaceX through their existing 401(k) plans and other funds. While the excitement builds, questions remain on whether the funds that owned SpaceX before its IPO will see significant gains post-launch.