SPCX has declined 5% over the past 12 hours; large short positions have established their moving average at $169.

According to Hyperinsight’s monitoring data, as of press time, SPCX’s 24-hour trading volume on Hyperliquid is approximately $932 million, with a 12-hour decline of roughly 5.08%, currently trading at $155. News-wise, recent narratives surrounding SpaceX center on its positioning as an AI company, new contracts, and its inaugural U.S. bond issuance—with the latest update being that its bond offering attracted $89 billion in subscriptions.