Tom Lee: Artificial intelligence is approaching the "wealth uncanny valley," where individual AI agents may earn more income than human workers.

Elon Musk warned in a post on X last Friday that "institutions maintaining significant short positions in SpaceX over the long term have a very low survival probability." However, short sellers have not backed down. According to data from Ortex Technologies, investors shorting SpaceX have accumulated roughly $15.5 billion in paper profits since the company went public in mid-June. Per market data from BIT (bit.com), SpaceX’s stock price fell to a record low of $110.85 today, far below its $135 IPO price and nearly halved from its post-listing peak of $225.64. Ortex co-founder Peter Hillerberg noted, “There are no signs that short sellers are taking profits—if anything, they are adding to their positions.” As of Tuesday, approximately 360 million SpaceX shares (around 56% of freely tradable shares) have been lent out for short selling, with short positions highly concentrated.

U.S. President Donald Trump said he is seriously considering restarting major military operations in Iran. (Axios)

The U.S. Securities and Exchange Commission (SEC) announced it will hold a roundtable at its Washington headquarters on September 17, 2026, to discuss topics related to transitioning U.S. stock markets to 24-hour trading, including preparations for supporting overnight trading, operations and resilience in an all-day market, as well as the opportunities and challenges brought by extended trading hours. SEC Chair Paul Atkins stated in a release: “We are moving toward a new day—and a new night—for U.S. stock markets. With the expansion to overnight trading, I am excited to see U.S. stock markets align with those that already offer continuous trading, and to balance all-day trading while upholding the critical priority of protecting investors and clients.” The roundtable is open to the public; discussions will be live-streamed on the SEC’s official website, with a recording available afterward. This roundtable marks another step by the SEC under Atkins’ leadership to modernize U.S. capital market infrastructure, following the electronic delivery rules and crypto regulatory framework.

According to market data from BIT (bit.com), U.S. space-themed stocks have declined collectively. SpaceX (SPCX) fell 2.7% to reach $110.85, hitting a new low since its IPO. SpaceX now plans to attempt another launch from 6:45 AM to 8:15 AM Beijing time on July 24 (tomorrow), with investors closely monitoring the outcome of this launch. Starship Flight 13 had automatically aborted about 1 second after igniting and leaving the launch pad on the morning of July 17. Virgin Galactic (SPCE) dropped 2.8%; AST SpaceMobile (ASTS) fell 6.1%; and Rocket Lab (RKLB) declined 3.6%.

According to OnchainLens monitoring, Hyperliquid whale address 0x3527…1e16 holds a long position of 122,000 SPCX, valued at approximately $13.58 million. Its average entry price is $126.04, while the current market price has dropped to $111.29, resulting in an unrealized loss of around $1.8 million, with a liquidation price of $22.27.

U.S. Securities and Exchange Commission (SEC) announced it will host a roundtable at its Washington, D.C. headquarters on September 17, 2026, to discuss the transition of U.S. stock markets to 24-hour trading, including preparations for supporting overnight trading, operations and resilience in all-day markets, and the opportunities and challenges brought by extended trading hours. SEC Chair Paul Atkins stated in a release, “We are moving toward a new day—and a new night—for U.S. stock markets. With the expansion to overnight trading, I am excited to see U.S. equities markets align with those that already operate around the clock, and I look forward to balancing all-day trading while upholding the critical priority of protecting investors and clients.” The roundtable is open to the public; discussions will be live-streamed on the SEC’s official website, with a recording available for replay afterward. This roundtable marks another step in modernizing U.S. capital market infrastructure under Atkins’ tenure, following the implementation of electronic delivery rules and the crypto regulatory framework.