SPCX Market Cap Reaches $2.8 Trillion as Hyperliquid’s Largest Short Shows $4.46 Million Unrealized Loss

SPCX’s total market capitalization has reached $2.8 trillion, and the largest SPCX short position on Hyperliquid is showing an unrealized loss of $4.46 million after the stock rose in overnight trading to $214. According to Odaily, on-chain analyst Yu Jin said the address holding the biggest SPCX short on Hyperliquid opened a short position of 111,000 shares at $173 per share, with a liquidation price of $249. The position size was reported at $23.75 million.