Six Whales Open Million-Dollar Short Positions in SpaceX Contract on June 9, 85.7% Bearish

According to Hyperinsight monitoring, on June 9, six whales (85.7% of 7 major traders) opened million-dollar short positions in SpaceX implicit valuation contract (SPCX) on Hyperliquid. The two newly established short positions rank first and second in holdings, with the top four positions entirely held by bears, indicating concentrated bearish sentiment.

SPCX traded at $156, down 6.1% in 24 hours, implying a market cap of approximately $1.85 trillion based on SpaceX's fully diluted share count of about 11.87 billion. SpaceX is expected to list on Nasdaq on June 12 with a targeted valuation of about $2 trillion.