Formula founder Vida, who shorted SPCX, gave up with a stop loss and suffered a loss of approximately $60000

According to on chain analyst Ai Yi's monitoring, formula founder Vida, who shorted SPCX, gave up with a stop loss and suffered a loss of about $60000. Vida still believes that the company is extremely overvalued, but needs a better time window before executing the transaction. SPCX surged 10% in overnight trading, surpassing Amazon in market value to reach $2 trillion.