BREAKING: SpaceX IPO set for June 12 at a $1.75T valuation, the largest in US history. Comes a day after Musk lost his lawsuit against Altman and OpenAI. Who wins the AI race, Elon or Altman?

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Original author: ChandlerZ, Foresight News
On the evening of May 28, the SPACEEX-USDH perpetual contract on Hyperliquid experienced a sharp flash crash, with the price falling from a low of $2,277 to a low of $1,254 within 30 minutes, a drop of nearly 45%, before rebounding to around $2,169.
This crash resulted in the liquidation of 405 users and 1,393 positions, with a total liquidation amount of $1.51 million.
Data shows that the total trading volume of this contract in the past 24 hours...

SpaceX's stock price plummeted 45% in 30 minutes; retail investors were already hit hard even before the company went public.

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