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SPCX Shorts Unwind: Fangcheng Capital Founder Vida Closes Position With $60K Loss

2026-06-16 01:42:00

According to PANews, Vida, founder of Fangcheng Capital, closed a short position on SPCX on June 16 with a loss of approximately $60,000. Despite maintaining his view that the company is severely overvalued, he acknowledged needing a better market window for future trades. SPCX surged 10% overnight, with its market cap reaching $2 trillion, surpassing Amazon.

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Comment

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EnlightenmentInTheCry

· 9h ago

This old guy is bearish—he’s not shorting? The institutional chips are locked in; he doesn’t have the ammo to slam the market down. Does he dare to keep holding short positions?

View OriginalReply1