--- title: "Weekly Recap | SSPC.US +2.73%, underlying briefly dips below IPO price" type: "News" locale: "en" url: "https://longbridge.com/en/news/296673563.md" description: "SSPC.US gained 2.73% this week, closing at $11.30 and outperforming the S&P 500 by 4.16 percentage points. The week saw a sharp V-shaped swing: the ETF tumbled to an intraweek low of $9.465 on Monday (18 Aug), then steadily recovered over the following sessions, hitting a high of $12.40 on Thursday (21 Aug) before easing back to $11.30 on Friday. Weekly amplitude reached 26.78%, while average daily volume of roughly 18.4m shares sat about 7." datetime: "2026-08-22T06:40:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296673563.md) - [en](https://longbridge.com/en/news/296673563.md) - [zh-HK](https://longbridge.com/zh-HK/news/296673563.md) generator: "portal-rs" --- # Weekly Recap | SSPC.US +2.73%, underlying briefly dips below IPO price ## The Week SSPC.US gained 2.73% this week, closing at $11.30 and outperforming the S&P 500 by 4.16 percentage points. The week saw a sharp V-shaped swing: the ETF tumbled to an intraweek low of $9.465 on Monday (18 Aug), then steadily recovered over the following sessions, hitting a high of $12.40 on Thursday (21 Aug) before easing back to $11.30 on Friday. Weekly amplitude reached 26.78%, while average daily volume of roughly 18.4m shares sat about 7.7% below the 48-day median, pointing to slightly subdued turnover. ## SpaceX This Week SpaceX fell 2.16% this week, closing at $136.97. The underlying stock surged over 4% on Monday to $146.23, but then slid for three straight sessions. Thursday (21 Aug) brought the heaviest pressure — the second lock-up expiry sent shares as low as $130.39, briefly dipping below the IPO price. Friday saw a modest bounce back to $136.97. Weekly amplitude was 13.87%, with average daily volume of ~95.2m shares running nearly 14% above the median, reflecting intense two-way trading. SpaceX closed below its 60-day moving average of $141.43 but remains above the 20-day line at $127.94. ## Leverage & Decay SSPC is a -1x daily inverse ETF, aiming to deliver the opposite of SpaceX’s single-day return. This week, the underlying fell 2.16%, so a simple cumulative calculation would suggest a +2.16% move for SSPC. The actual return was +2.73%, a gap of roughly +0.57 percentage points. The difference comes from daily rebalancing: the ETF resets its leverage exposure each day at the prior close, and in a choppy week — the underlying alternated down-up-down-up across the first four sessions — the path-dependent compounding actually worked slightly in the inverse ETF’s favour, producing a small positive drift. ## SpaceX News This week’s dominant theme was the second lock-up expiry. On 21 Aug, roughly 319m shares became eligible for sale, and SpaceX opened down over 3% that day, briefly dipping below the IPO price. Put options tied to the stock surged 150% in a single session. Against that, a series of positive headlines stacked up: Trump signed a new National Space Transportation Policy targeting 1,000 launches per year by 2030; Goldman Sachs pegged the space economy at $1.8trn by 2035; Bernstein reaffirmed a buy rating on SpaceX; and Nvidia’s Q2 filing revealed a stake of over 122m SPCX shares. The stock clawed back some ground on Friday but still ended the week in the red. ## The Week Ahead On the macro calendar, 25 Aug (Tuesday) brings US FHFA and Case Shiller home-price indices, consumer confidence, and new home sales — data that could shift rate expectations. For SpaceX, the market will be watching whether the stock can hold support near $130 as the lock-up overhang is absorbed. Musk’s comments that Starship reuse is ‘near’ and the report that SpaceX has entered the bidding for Decart AI are both storylines that could gain traction next week. ## In Short SSPC delivered a positive week by riding the inverse trade as SpaceX came under pressure, but the real story is the tug-of-war beneath the underlying. On one side, the 319m-share unlock weighed heavily. On the other, a fresh Trump space-policy directive, institutional buy endorsements (Bernstein, Goldman), and the AI angle (Nvidia’s stake, SpaceX’s potential Decart AI bid) provided a floor. With SpaceX trading between its 20-day and 60-day moving averages, the key question is whether it can hold $130 and reclaim $140 — the answer will steer SSPC’s next move. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) ## Related News & Research - ['This Isn't the Time,' Says Investor About SpaceX Stock](https://longbridge.com/en/news/296503573.md) - [SpaceSail’s record funding fuels China’s satellite challenge to Musk’s Starlink](https://longbridge.com/en/news/296447538.md) - [Why is your gold waiting on a speech?](https://longbridge.com/en/news/296733808.md) - [There’s More to Consider, Says Investor About Sandisk Stock](https://longbridge.com/en/news/296795615.md) - [AMD or Nvidia: Load Up on One AI Chip Stock, but Avoid the Other, Says Investor](https://longbridge.com/en/news/296792383.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**