Going long on Starship launch and SPCX: A trader holds over 1.27 million long positions, anticipating successful ignition.

According to Hyperinsight monitoring, SpaceX’s Starship Flight 13 aborted automatically about 1 second before lifting off after ignition on the morning of July 17, due to failure of some engines to start normally. When the abort news broke, SPCX on Hyperliquid plunged 9.7% in 5 minutes, hitting a low of $119.4. After replacing two engines, SpaceX now plans to attempt another launch between 6:45 AM and 8:15 AM Beijing time on July 24 (tomorrow). Ahead of the new launch window, an address starting with 0xf64d went long 10,900 SPCX contracts this morning at an average price of $116.1, totaling $1.272 million, making it the largest single position today. This is the address’s largest single position since it began focusing on SPCX trading in June, 2.7 times its previous largest holding, likely betting on a successful Starship launch. As of press time, SPCX trades at $116.5. The address holds all long positions with 8x leverage, with an unrealized profit of ~$3,907 (+2.46%); its liquidation price is ~$104.3, about 10.5% below the current price. Trading records show that since the address first traded US equity-linked contracts on June 16, all its contract trades have been concentrated in SPCX. It has completed 5 prior SPCX trades, all around news events, with a total of 2 wins and 3 losses, realizing a cumulative loss of ~$55,100. On the news front, Flight 13 is set to deploy 20 Starlink V3 satellites for the first time. Meanwhile, SpaceX will release its first post-IPO quarterly results after market close on August 4, with the first batch of early shares entering a phased lock-up period shortly after. Barring unexpected news, this upcoming launch will likely be the last Starship mission before the earnings and lock-up window, and one of the most clear, standalone events that could impact SPCX prices. Related reading: After T-0 ignition failure, SpaceX’s "smart money" bets on Starship’s 13th test flight