SpaceX is more volatile than Bitcoin, crypto Whales are shorting the stock

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Last Updated on 18 June 2026 by CryptoTips.eu

Apart from the stock of electronic car manufacturer Rivian (which has since crashed), few stocks rose as fast and are as volatile as SpaceX has been during the first week of trading. After a launch at a price of $150, SpaceX already surpassed Amazon’s market value yesterday and was trading above $200.

As various American media outlets have indicated by now, the rocket manufacturer’s stock is currently more volatile than Bitcoin. But whether that is a good thing remains to be seen. After all, the company is operating at a loss.

Hyperliquid

On the very popular Hyperliquid crypto trading platform, you can invest in just about every possible good and stock with crypto. Whereas the oil price was the most popular investment during the Iran-United States war, that has naturally been SpaceX over the past week.

However, as the rally progresses, more and more larger investors are betting on one side of the rally, namely the downward side.

There are about 300 million dollars in shorts waiting for a crash of SpaceX on the Hyperliquid platform, and many of them are crypto Whales who normally invest in Bitcoin.

It remains to be seen what this means for the SpaceX rally, but at first glance the bullrun temporarily stopped. Yesterday SpaceX closed 4% lower.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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