Long Starship Launch, Long SPCX, a trader holding a long position of 1.2 million contracts anticipates a successful liftoff.

BlockBeats News, July 23, according to Hyperinsight monitoring, Starship Flight 13, which had a static fire on the morning of July 17, automatically aborted approximately 1 second before leaving the launch pad (some engines failed to start properly). Upon the abort announcement, SPCX on Hyperliquid plunged by 9.7% within 5 minutes, dropping to $119.4.

After replacing two engines, SpaceX now plans to make another launch attempt on July 24 from 6:45 to 8:15 Beijing time (tomorrow). Prior to the new launch window, an address starting with 0xf64d went long on 10,900 SPCX in a single transaction this morning, at an average price of $116.1, amounting to $1.272 million, marking the largest position of the day.

This is the largest single entry position this address has taken since focusing on trading SPCX in June, reaching 2.7 times its previous largest position or betting on a successful Starship launch.

At the time of writing, SPCX is trading at $116.5. The address holds all long positions with 8x leverage, with an unrealized profit of about $3,907 (+2.46%); the liquidation price is about $104.3, a distance of about 10.5% from the current price. If this attempt fails again, a repeat of the previous flash crash scenario may lead to liquidation.

Trading records show that since first trading stock token contracts on June 16, all contract transactions at this address have revolved around SPCX. The trader has completed 5 rounds of SPCX trades, with a record of 2 wins and 3 losses, amounting to a total realized loss of approximately $55,100.

In the news, the Flight 13 mission plans to deploy 20 Starlink V3 satellites for the first time. Meanwhile, SpaceX will announce its first quarterly performance after IPO on August 4 after the market closes, and the initial early shares will subsequently enter a phased unlock window.

Excluding unforeseen events, this launch may be the final Starship mission before the financial report and unlock window, and is currently one of the most definitive events that could independently disrupt SPCX prices.

Related Reading: After T-0 Ignition Failure, SpaceX Braves Another Attempt, Smart Money Predicts Starship 13th Flight Test Explosion