Equation News Founder Vida Closes $200K SPCX Short Position With Over $600K Loss on June 16

According to Odaily, Vida, founder of Equation News, closed a short position in SPCX perpetual futures on June 16, incurring a loss exceeding $600,000. The position, established on June 11 with a notional value of approximately $200,000, was closed as Vida stated he wanted to find a better entry window in the future, noting the company remains "extremely overvalued" and potential opportunities may emerge when 20% of employee shares unlock.
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