A whale placed a roughly $203 million limit short order on tokenized SpaceX stock SPCX, with orders set between $141.93 and $142.90, betting the token's price will fall. Trading in SPCX surged on tokenized trading platform Gate in early August, with about $700 million changing hands over two days and $332 million traded on Aug. 4 alone as the market focused on an Aug. 6 unlock of 911.5 million shares. After the unlock, SPCX rose 6.1% to close at $114.92. SEC filings show Elon Musk holds a 48.4% beneficial stake in SpaceX, equal to more than 6.4 billion shares valued at over $900 billion at current prices, while related Class B shares give him more than 82% of SpaceX's total voting power.