JUST FILED WITH THE SEC:
FIRST TRUST IS LAUNCHING AN INCOME ETF BUILT ON SPACEX
$SPCX
It's called the FT Vest SPCX & Target Income ETF. Filed June 10, 2026.
The strategy: hold SpaceX stock and sell weekly covered call options to generate income, targeting a distribution rate of approximately 15% above the S&P 500's annual dividend yield.
Translation: you get SpaceX exposure plus monthly income, in exchange for capping some of your upside if SpaceX runs hard.
The ticker symbol is still blank. The exchange is still blank. The fee is still blank.