💰High-Beta ASTS, RGTI Surge >10%; 2× Leveraged ETFs Rocket 20%+

As of September 23, 2025 (ET). A fresh wave of milestones in quantum computing and space infrastructure sent a basket of high-beta names sharply higher, with their 2× leveraged ETFs posting even bigger double-digit gains. Below is a quick snapshot of the day’s moves, followed by an investor-focused note on what drove the rally.

1. Performance at a glance (23 Sep 2025)

Individual Stocks: $AST SpaceMobile, Inc.(ASTS)$ , $Rigetti Computing(RGTI)$ , $D-Wave Quantum Inc.(QBTS)$ , $Rocket Lab USA, Inc.(RKLB)$ , $Quantum Computing Inc.(QUBT)$ , $Joby Aviation, Inc.(JOBY)$ , $IONQ Inc.(IONQ)$ .

Leveraged stocks shines: $Tradr 2X Long ASTS Daily ETF(ASTX)$ , $Rigetti Computing(RGTI)$ , $D-Wave Quantum Inc.(QBTS)$ , $Rocket Lab USA, Inc.(RKLB)$ , $Quantum Computing Inc.(QUBT)$ , $Joby Aviation, Inc.(JOBY)$ , $IONQ Inc.(IONQ)$.

2. Why did they all pop?

A) Milestone rush

• $Rigetti Computing(RGTI)$ ’s 36-qubit processor cleared customer acceptance—seen as the sector’s first “commercial-grade” chip.

• $AST SpaceMobile, Inc.(ASTS)$ demonstrated sustained 4K video downlinks, making its 2026 U.S.-wide cellular-from-space story more tangible.

• $Rocket Lab USA, Inc.(RKLB)$ hit launch #67, smashing its prior annual record; Morgan Stanley lifted its space-economy TAM by 12%.

B) Policy tail-winds

• The House is set to vote on the second National Quantum Initiative, which could add another US$4.2bn over five years.

• The FAA sign-off timeline for eVTOL was cut to 9-12 months, stoking air-taxi names.

C) Levered-ETF feedback loop

• Daily re-balancing in 2× products compounds gains in a one-way tape; $AST SpaceMobile, Inc.(ASTS)$ up 12% → $Tradr 2X Long ASTS Daily ETF(ASTX)$ up 24%, luring in momentum traders and forcing dealers to hedge by buying the underlying (gamma squeeze).

D) Short squeeze

• IBKR data show $Rigetti Computing(RGTI)$ , $AST SpaceMobile, Inc.(ASTS)$ and $Quantum Computing Inc.(QUBT)$ have the highest short-interest / float ratios; both names tripped circuit-breakers for short-covering within the first 30 minutes.

E) Risk-on rotation

• Last week’s 50 bp Fed cut yanked 10-yr yields lower; growth stocks re-captured inflows while dividend proxies saw profit-taking.

3.How to play it ()?

A) Tactical (hours to days)

• Event calendar: $Rigetti Computing(RGTI)$ cloud demo (25 Sep), $AST SpaceMobile, Inc.(ASTS)$ at JPM space conf. (27 Sep), NQI House vote (early Oct.).

• Use high IV: sell OTM puts or call spreads; if holding shares, collar structures lock in tail-risk.

B) Swing (weeks to months)

• Stick to names with backlog/visibility— $IONQ Inc.(IONQ)$ (US$63.5m govt. order), RKLB (US$830m launch backlog).

• Treat pure-play R&D names ( $D-Wave Quantum Inc.(QBTS)$ , $Quantum Computing Inc.(QUBT)$ ) as “satellite” positions (<3% of book).

• Levered ETFs are re-balanced daily; treat them as intraday tools, not buy-and-hold.

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