YieldMax launches a new SpaceX options ETF: What investors should know

July 15, 2026 - 19:53

A new exchange-traded fund is giving investors a way to generate income from SpaceX shares without directly owning the stock. YieldMax ETFs has introduced the YieldMax SPCX Option Income Strategy ETF, trading under the ticker YSPC. The fund uses options-based strategies tied to SpaceX, which is currently listed on the market under the ticker SPCX.

The launch comes at a notable time for the underlying stock. SPCX dropped below its initial public offering price on Wednesday, falling under $140 per share. That decline has put the stock in focus for traders watching for a potential bounce or further downside.

YieldMax chief strategist Mike Khouw discussed the new product on Market Domination, explaining how the ETF works. Rather than buying SpaceX shares directly, YSPC uses a covered call strategy. That means the fund holds SPCX stock and sells call options against it. The goal is to collect premium income from those options, which can provide regular payouts to investors even if the stock price stays flat or moves modestly.

Khouw noted that the strategy is designed for income-focused investors who want exposure to SpaceX but are willing to cap some upside potential in exchange for steady cash flow. The fund will rebalance its options positions regularly based on market conditions.

The ETF is the latest in a growing lineup of single-stock options income funds from YieldMax. The firm has similar products tied to companies like Tesla, Nvidia, and Apple. For investors, the key trade-off remains the same: higher potential income in exchange for limited gains if the stock rallies sharply.