The newly public rockets and satellites company steps into the earnings confessional for the first time on August 4, after the close of U.S. markets. It could be an ideal time for Elon Musk’s company to allay some investor concerns, and the perfect opportunity for aggressive short-term traders to consider the newly minted Direxion Daily SpaceX Bull 2X ETF (LOFF). LOFF, which came to market on June 15, attempts to deliver 200% of the daily returns of SpaceX stock. As a play on SpaceX earnings, LOFF is in an interesting position because this is the company’s first report, meaning analysts don’t have comparisons to work with. “Starlink is currently the earnings engine for the company, and it can partially fund the AI expansion plans.