Formula founder Vida has exited a short position on SPCX, incurring a loss of approximately $60,000. Despite the setback, Vida maintains that SPCX is significantly overvalued but plans to wait for a better opportunity to re-enter the trade. SPCX saw a 10% surge in overnight trading, pushing its market capitalization beyond Amazon to $2 trillion.
Formula Founder Vida Exits SPCX Short, Incurs $60,000 Loss
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