Equation News founder Vida closed SPCX short position, hinting at future shorting possibilities

Odaily Planet Daily News On June 11, Equation News founder Vida disclosed that he had opened a SPCXUSDT perpetual short position with a position value of approximately $200,000. On June 16, Vida posted on his personal Telegram channel stating 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 reconsider executing this trade (a potential good window would be after the 20% share held by employees is unlocked). For now, it's time to stop."