New SpaceX 3x Short DLC Start Trading on 7 August; SPCX Falls 13% On Earnings

SG DLC News
08-07 09:38

Societe Generale has launched a new $SpaceX 3xShortSG280726(YF1W.SI)$ on SGX on 7 August, complementing the existing SpaceX 3x Long DLC (WK4W).

The $SpaceX(SPCX)$ Long and Short DLCs offer investors 3x leveraged and inverse exposure to SpaceX, enabling investors to express their bullish and bearish views during Asian trading hours ahead of the U.S. market open.

SpaceX recently reported their first earnings results on 4 August after US market close, which sent its share price tumbling -13.6%. The move resulted in a close to 41% decline on the $SpaceX 3xLongSG280707(WK4W.SI)$.

Other big movers post earnings included $Palantir Technologies Inc.(PLTR)$ (+29.5%), and $Advanced Micro Devices(AMD)$ (-7.0%).

Amplifying the move, the Palantir 3x Long DLC rose by about 88%, while the Palantir 3x Short DLC declind by 71.3% and the AMD 3x Short DLC rose about +21%, while the AMD 3x Long DLC declined a similar magnitude.

View the full list of US Stock DLCs on dlc.socgen.com.

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

SpaceX Surges 6.1% Through $116B Lockup Expiry — Is the Overhang Truly Gone?
SpaceX +6.14% Thursday, straight through the largest lockup expiry on record — 911.5 million insider shares, roughly $116 billion, turning sellable. It dipped at the open, then reversed. Attention swung back to the first earnings report: core profit beat, segment losses narrowed sharply, only AI capex ran slightly hot. Cathie Wood bought the dip, JPMorgan revised its target, Musk called Starlink undervalued. Peer SSPC still fell 12.16%. Biggest overhang cleared, sector not following — inflection, or just the end of the selling?
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