Vida Closes SPCX Short Position on June 16, Takes $600K+ Loss but Sees Further Downside

According to Odaily, on June 16, Vida, founder of Equation News, closed his SPCX short position after incurring losses exceeding $600,000. Vida had established the short position on June 11 with an initial value of approximately $200,000 USDT. Despite the loss, Vida maintains a bearish outlook on SPCX, stating in a Telegram post that he is waiting for a better entry window, specifically noting potential unlocking of employee shares (20% stake) as a possible trigger.
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