Roadster showcases SpaceX propulsion technology, driving stock price up; SPCX's largest long position has already gained $1.58 million.

BlockBeats news, October 16: Tesla's next-generation Roadster showcased rocket propulsion technology jointly developed with SpaceX at the launch event. The new car uses built-in thrusters to achieve brief hovering, mid-air flips, and landing maneuvers, highlighting the collaboration between Tesla and SpaceX in engineering technology.

According to TradingBeats monitoring, since the start of the Roadster launch event this morning, the SPCX contract on Hyperliquid rose to $152.95, an increase of about 2.55%. The largest on-chain long position that had long held SPCX long positions saw its unrealized profit rebound to about $1.583 million (145.9%) as prices rebounded.

This whale currently holds SPCX long positions worth about $12.435 million, with an average price of $133.479. Since the start of the launch event, book unrealized profit has increased by about $309,000 (0x519c).

It is reported that this account began gradually building long positions to buy the dip in early August, when the price was still around above $100, and completed the current position size by the end of August.