Cannot create a string longer than 0x1fffffe8 characters in JSON.parse?

I have JSON file which has json data of size 914MB. I loading the file with fs-extra and parsing it. But when i parse it get error as

cannot create a string longer than 0x1fffffe8 characters

Below is code

        const fs = require('fs-extra');
        const rawdata = fs.readFileSync('src/raw.json');
        const data = JSON.parse(rawdata);

I am running the project with npm and to run i have below command in package.json.

"scripts": {
   
    "start:dev": "cross-env NODE_OPTIONS='--max-old-space-size=4096' ts-node -r tsconfig-paths/register ./src --env=development",
  
  }

from Cannot create a string longer than 0x1fffffe8 characters in JSON.parse?