SpaceX has slipped below its heavily hyped $135 IPO price and has been nearly halved from its all-time high, which was reached during the June 15 gamma squeeze that briefly sent shares above $220 in overnight trading.
Last Thursday's scrub of Starship's 13th test flight added further downward pressure, with shares touching $119 on Monday. The stock rebounded on Tuesday ahead of Thursday's next launch attempt, positioning Flight 13 as a near-term catalyst.
Now targeting to launch Starship’s thirteenth flight test as early as Thursday, July 23 → https://t.co/Rp7VwBzpWx pic.twitter.com/Y0YNzfc5zk
— SpaceX (@SpaceX) July 19, 2026The last-second abort was triggered after four of the Super Heavy booster's 33 Raptor engines failed to ignite, prompting an automatic shutdown. "To be confident of a good flight, two Raptors will be removed and replaced," Elon Musk wrote on X.
Flight 13 will be the first Starship launch conducted with SpaceX trading as a public company, giving investors direct exposure to the mission's outcome. A successful flight could help restore confidence in the company's stock and bonds, while another failure would likely deepen the latest sell-off.
Credit markets are already flashing caution. SpaceX issued $25 billion of bonds across five maturities, including $3.5 billion of 6.65% notes due in 2056, which have moved steadily lower since entering secondary trading.
Quite a divergence today...
The question now is whether a successful Starship launch Thursday can put a floor under SpaceX shares, which have underperformed most other major Nasdaq IPOs during the opening days and weeks of trading.
Wall Street, however, remains broadly bullish on the stock, except for Morningstar's Nicolas Owens with the only "Sell" rating.
Tyler Durden Tue, 07/21/2026 - 15:00Authored by Micah Zimmerman via BitcoinMagazine.com,
Coinbase Vice Chair Ryan VanGrack said the Clarity Act has gained “tremendous momentum” in the Senate, in a CNBC “Squawk Box” appearance that made the case for a federal crypto framework and touched on bitcoin, blockchain, and the industry’s uneasy truce with Wall Street.
VanGrack, a former SEC official, framed the Clarity Act as an overdue set of rules rather than a giveaway.
“It’s not about no regulation,” he said.
“This is about imposing regulation on the industry for the first time.”
He described a “win-win-win” for American investors, innovators, and standards should the measure pass, and said a bipartisan group of senators has kept up work “even in the last few weeks and days.”
Clarity Act updatesThe House passed its version of the Clarity Act last year, and attention has shifted to the Senate, where the path to 60 votes remains the central hurdle.
The Senate Banking Committee advanced the bill in a 15-9 vote this spring, with two Democrats crossing over, and House members have urged the Senate to act before the August recess. The measure sits in a narrow window as negotiators work out remaining terms.
President Trump added his voice last week, posting on Truth Social in support of Senator Lindsey Graham and calling on the Senate to pass the bill. Trump framed the stakes in terms of competition with China, a message he has repeated as he presses the chamber to move.
VanGrack said Democrats have won concessions that strengthen the bill’s consumer protections.
JUST IN: 🇺🇸 Coinbase Vice Chair talks CLARITY ACT on CNBC
"The Democrats have obtained meaningful concessions to make what was already a strong consumer protection bill, THAT much stronger" 👏 pic.twitter.com/y3n04dKdRi
He pointed to an illicit-finance framework, an “FTX loophole” that the text would close, insider-trading safeguards, and added disclosures.
“Across the board, the Democrats have obtained meaningful concessions to make what was already a strong consumer protection bill that much stronger,” he said.
He said the bill would not change how crypto is classified as a commodity or a security in a fundamental sense, and would preserve the registration, examination, and surveillance structure from the House version.
Asked how the industry reconciles with skeptics like JPMorgan chief Jamie Dimon, VanGrack pointed to a wave of bank and institutional deals.
“Not a week goes by,” he said, where a firm fails to announce a new crypto project or investment. He predicted an “inevitable convergence,” a point at which the market stops separating traditional finance from crypto and treats each as a modern financial institution.
That convergence has played out in public, and in conflict. JPMorgan and Coinbase announced a partnership to widen crypto access, and the bank has moved to accept bitcoin as loan collateral and to let clients trade it.
Dimon, for his part, has declared war on the Clarity Act and aimed a crude insult at Coinbase CEO Brian Armstrong, a reminder that the détente carries friction.
The odds of the Clarity Act being signed into law in 2026 jumped notably today...
Is bitcoin real?The interview turned to a sharper question from CNBC’s Andrew Ross Sorkin: whether blockchain is real but bitcoin is not. VanGrack called it “a fair question” and said the technology’s benefits stand on their own — faster settlement, more transparency, and round-the-clock transactions.
He argued that no one building a financial system today would recreate the infrastructure of the past century. He cited Citadel Securities, which he said made another large investment in the crypto economy last week, as a sign that major institutions are trending the same course.
Sorkin pressed the harder edge of the design: the technology aims to remove the counterparty a customer might call when something goes wrong. VanGrack conceded the point as fair, then countered with the costs of the current system — days to reconcile trades and the counterparty risk that delay creates.
“I’m not here to tell you it’s the wrong technology,” he said. He acknowledged open questions, including whether crypto accounts should carry interest or loyalty rewards, a debate that bankers have raised and that the law will settle as “a blunt instrument.”
He closed on the case for Clarity Act passage.
“In the absence of clarity, you do not have a federal oversight and framework,” he said. “So whether you love crypto or hate crypto, you should want” the Clarity Act.
Tyler Durden Tue, 07/21/2026 - 14:40Newly released police bodycam video shows a University of Central Florida student confronting a campus officer over pronouns before being pepper-sprayed, tased, and taken away in handcuffs.
The footage shows Jarrett Vick, a 27-year-old blue-haired UCF student from Treasure Island, Florida, shouting at an officer who had arrived at a campus building on an unrelated call. The video was recorded in February 2025 but released Friday by the YouTube channel Inside The Blue TV.
"Why do you let those pigs get away with this? They are not supposed to be here," Vick says at the start of the clip.
The officer tells him to lower his voice or be placed in handcuffs. Vick responds by cursing at him: "Fucking try it. Are you threatening me? You're threatening me."
The officer calls for backup on his radio. "He is having a breakdown," he tells dispatch - at which point Vick screams, "She! She! Just say the right pronoun!"
The officer draws his pepper spray and orders Vick to calm down, deploying it when he does not. A university employee appears and attempts to defuse the situation.
"Get away! Fuck you! Fuck you, cop!" Vick shouts, and the employee walks off.
Later in the footage, Vick is seen stomping his foot and shouting "She!" at the officer, and asks the university employee to tell the officers to use the right pronouns, saying it is causing him a lot of distress.
"She, sheeee!!!!!" Vick shrieked. "Just say the right pronoun!"
He was taken into custody after being tased by a second officer, according to the video, which followed Vick attempting to kick and swing at the officers. He is then shown being placed in the back of a squad car. The incident is dated Feb. 5, 2025.
Approached by the Post, Vick said he had been "fucking harassed by the cops" and blamed them for what he described as harassment from the media.
Court records show Vick was charged that day with battery on law enforcement, resisting arrest, and disorderly conduct. He pleaded not guilty to all three counts. His most recent court appearance is dated Jan. 16, and Orange County records list the cases as closed. He is listed as male in his arrest records.
Tyler Durden Tue, 07/21/2026 - 14:20