Vida, founder of Equation News, closes SPCX short position, hints at future shorting

Odaily reported on June 11 that Vida, founder of Equation News, disclosed establishing a SPCXUSDT perpetual short position with a portfolio value of approximately $200,000. On June 16, Vida posted on his personal Telegram channel that he had closed the SPCX short position, ultimately incurring a loss of over $60,000. However, he still believes the company is extremely overvalued,

"I just want to find a better time window to consider re-executing this trade (a potential good window is after the 20% share unlock for employees). For now, it's time to stop."