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The software company’s shares have gotten off to a strong start this month following a weak run in June.

ISIS-K allegedly used its media wing to solicit donations via Tron, Monero, and Bitcoin, highlighting stablecoin issuers’ growing role in sanctions enforcement.

SpaceX briefly topped $225 in its first week on the Nasdaq before retreating, with shares recently trading around $170 under the ticker SPCX, Yahoo Finance reported.Starlink hit 10.3 million subscribers across 164 countries and territories by the end of the first quarter, according to the company’s SEC filing. Average revenue per user (ARPU) dropped from $86 in the first quarter of 2025 to just $66 in the first quarter of 2026, the filing showed. The decline reflects a deliberate push into lower-income markets across Africa, Southeast Asia, and Latin America, where monthly subscription prices are well below United States rates. That volume strategy helped first-quarter operating income rise from $1.03 billion to $1.19 billion, despite subscriber growth exceeding 100%, CNBC reported. At roughly 90 times 2025 revenue, the stock’s valuation depends on SpaceX growing total revenue faster than its per-subscriber economics continue to decline.SpaceX’s $4.9 billion net loss puts Starlink profitability in spotlightSpaceX swung from $791 million in net income in 2024 to a $4.9 billion net loss in 2025, driven largely by its artificial intelligence operations. The company’s AI division, absorbed through a merger with Elon Musk’s xAI in February 2026, posted $6.4 billion in operating losses on just $3.2 billion in revenue for the year.Starlink’s connectivity segment was the only profitable unit, generating $4.42 billion in operating income on $11.39 billion in revenue, the company’s SEC filing confirmed.That leaves investors relying on a single profitable business segment, and that segment’s per-subscriber revenue trajectory continues to trend downward. The first quarter of 2026 further deepened the financial hole, as SpaceX posted a net loss of $4.3 billion on $4.69 billion in quarterly revenue.Total accumulated losses since the company’s founding now stand at $41.3 billion, the S-1 filling stated.Amazon Leo prepares to challenge Starlink’s satellite leadStarlink has operated for years without a serious competitor in consumer satellite broadband, but that advantage is narrowing as well-funded rivals accelerate their timelines. Amazon’s satellite internet service, formerly known as Project Kuiper, entered enterprise beta in April 2026 with commercial availability planned for later this year, The Next Web reported.More SpaceX:Elon Musk sets SpaceX IPO price in blunt message to Wall StreetVeteran hedge fund manager makes a brazen SpaceX betFranklin Templeton CEO sends strong message on SpaceXAmazon initially committed more than $10 billion to Project Kuiper, with analysts now estimating first-generation capital spending between $16 billion and $20 billion. The company has also secured beta partnerships with Verizon, AT&T, Vodafone, JetBlue, and NASA, establishing the first credible large-scale alternative, The Next Web reported.The Federal Communications Commission waived Amazon’s July 2026 interim deployment milestone in a June 2026 order (DA-26-553), leaving the original 2029 deadline to place all 3,236 first-generation satellites into orbit in place.SpaceX raised consumer Starlink plan prices by $5 to $10 per month in May 2026, according to The Next Web, in what analysts described as a shift from subscriber acquisition toward extracting more revenue from its existing base.

Amazon’s Leo network gains momentum as billion-dollar investment, major partnerships, and regulatory support position it to challenge Starlink’s satellite dominance.JUSTIN TALLIS/Getty Images

Starship test delays could widen cost gap for SpaceX satellite networkStarlink’s next-generation V3 satellites offer dramatically more bandwidth per unit, but they are too large for Falcon 9 and need the Starship launch vehicle to reach orbit. SpaceX has invested more than $15 billion in Starship development and has completed 12 test flights, with the 13th targeted for late July 2026, according to launch-tracking sources.Starship represents the single most consequential execution risk facing SpaceX, Nathan de Ruiter, partner and managing director at Novaspace, told Via Satellite.Starship is the critical bottleneck: Its timeline, cadence, and cost structure underpin nearly every part of the long-term story.”Without Starship scaling as planned, it becomes much harder to expand Starlink capacity, roll out next-generation direct-to-device services, or enable future opportunities like orbital compute,” de Ruiter added.The company completed only five Starship missions in 2025 against a target of 25, highlighting how far the vehicle remains from the routine commercial flight cadence SpaceX needs. Delays in reaching that cadence would slow V3 satellite deployments, limiting the capacity expansion Starlink requires to serve tens of millions of additional subscribers profitably.SpaceX sky-high valuation assumes years of unproven growth across 3 divisionsMorningstar set a fair-value estimate of $63 per share, less than half the stock’s recent trading price, calling SpaceX overvalued under nearly any scenario. Pravin Pradeep, senior consultant and program manager at Frost & Sullivan’s Aerospace, Defence & Space practice described the stock’s valuation as “an AI valuation wearing a rocket suit,” suggesting investors have become overly optimistic, Satellite Today reported. He argued that the profitable space and connectivity businesses alone would support a significantly lower market capitalization without the artificial intelligence premium.The company’s first earnings report as a public entity, expected on August 6, will reveal whether Starlink’s ARPU decline is accelerating or beginning to stabilize amid recent price increases.Related: SpaceX gets brutal verdict from legendary Wall Street investor

“This shocking program was exploiting doctors and the trust inherent in their relationships with patients.”

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TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealThe summer heat is always a bit unpredictable, and it seems like Mother Nature loves to spice things up by sending a heatwave just when you’re celebrating how mild this summer has truly been. But truly, what would summer be without the occasional streak of days where the temperatures hit in the high nineties? Luckily, it’s easy to keep cool, thanks to modern day amenities like air conditioning, but if you’re someone who doesn’t have access to AC or doesn’t find that it’s cooling you down enough, a tabletop fan, like the Honeywell Turboforce Fan, could help chill you out a bit. Not only can it offer a bit more targeted relief, even if it doesn’t lower the actual air temperature around you, but right now the Honeywell Turboforce Fan, with over 123,000 five-star ratings, is only $15. And with that summer air feeling a bit too sticky for our liking lately, it couldn’t come at a better time. Honeywell Turboforce Fan, $15 at Amazon

Courtesy of Amazon

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The AI trade isn’t just about Nvidia anymore.That could be the true warning sign underlying Michael Burry’s current move on the markets.The investor behind “The Big Short” has revealed new bearish positions against Tesla (TSLA), Nvidia (NVDA), Caterpillar (CAT), Applied Materials (AMAT), and the iShares Semiconductor ETF (SOXX), according to the Wall Street Journal. He also had bearish put options on the tech-heavy Nasdaq 100 through exposure to QQQ.On the face of it, that sounds like a conventional anti-AI bet.But there is more to the basket. Burry isn’t just targeting chip euphoria. He’s going after the way AI hype has tainted electric vehicles, industrial equipment, semiconductor-making gear, and broad tech indexes.That makes the trade less a call on a stock and more a call on the market.The implication appears to be that investors could be crowning too many businesses as AI winners at the same time.“The SOXX itself is a pure form of overvaluation in an index, a form that is rarely seen and never so easily recognized as such,” he said, as the Journal reported, giving retail investors a nuanced view regarding his moves vis-à-vis the AI boom.Michael Burry expands his AI bubble bet beyond NvidiaBurry’s most recent short takes on issues that affect practically every tier of the AI boom.First is Nvidia, of course. The chipmaker continues to represent the public face of AI infrastructure, and its financial results show why investors have been eager to follow the stock upward.Nvidia reported record revenue of $81.6 billion for its fiscal first quarter ended April 26, up 85% from a year ago. Data Center revenues were $75.2 billion, up 92% year over year.Related: Nvidia’s workplace culture sends Big Tech a warningThose are not weak numbers, and that’s the point.Burry is not just betting against broken businesses. He seems to be betting against stocks for which investors may have already priced in an ultra-optimistic version of the AI future.Applied Materials follows the same pattern. The company is a direct beneficiary of semiconductor capital spending as a seller of critical chipmaking equipment. Revenue in the fiscal second quarter was a record $7.91 billion, up 11% year over year, and GAAP earnings per share were a record $3.51.There is real momentum in the business. The question is whether the stocks are moving at an even quicker rate.SOXX shows why Burry is targeting chip euphoriaSOXX offers investors a wide approach to play the semiconductor trade.That also makes it a straightforward target for a negative investor who thinks chip euphoria has gotten ahead of itself.The iShares Semiconductor ETF covers a U.S. equity index of semiconductor companies, including those leading AI innovation and benefiting from digital-infrastructure capital spending, according to BlackRock.The fund’s recent figures highlight why it is important to Burry’s case.SOXX’s NAV on June 30, 2026, was $640.65, on the high end of its 52-week range of $236.94 to $655.22. Its NAV total year-to-date return was 113%.Michael Burry’s latest AI short targetsTesla (TSLA): A fresh short against the electric-vehicle maker, Business Insider notesNvidia (NVDA): A bet against the clearest symbol of AI chip demandCaterpillar (CAT): The surprise short that shows how far the AI trade has spreadApplied Materials (AMAT): A semiconductor-equipment target tied to chip-factory spendingSOXX: A broad bet against semiconductor stocksQQQ: A wider wager against the tech-heavy Nasdaq 100That’s a massive move for an exchange-traded fund, not just one speculative stock.BlackRock also listed SOXX at a price-to-earnings ratio of 76.39 and a price-to-book ratio of 13.23 as of June 30. The fund had a three-year equity beta of 2.01, showing how volatile it can be relative to the broader market.

Burry seems to be betting against stocks for which investors may have already priced in an ultra-optimistic version of the AI future.Bloomberg / Getty Images

Caterpillar reveals the bigger AI market problemThe most important name in Burry’s latest basket may not be Nvidia; it may be Caterpillar.Caterpillar is not a chip producer. It’s best recognized for construction, mining, and heavy equipment. But the company is part of the AI infrastructure story because data centers need power, and lots of it.That connection is not theoretical.In January, American Intelligence & Power, Caterpillar, and Boyd CAT established a strategic agreement for 2 gigawatts of dedicated power for hyperscale AI infrastructure. AIP bought 2 gigawatts of fast-response natural gas generator sets with delivery slated from September 2026 through August 2027, Caterpillar stated.Investors, accordingly, started to see Caterpillar as an AI-adjacent winner.After all, data centers need more than just Nvidia chips. They need power, back-up, and industrial-grade equipment that can cope with huge and variable power demands.More AI:The new Chinese AI model rattling U.S. tech investorsAnthropic restores access to Mythos 5 for select organizationsSoftBank CEO offers stinging critique of Musk’s AI betIt’s why Burry’s Caterpillar short is such a handy indication.A negative bet against Nvidia can be written off as a call against chip valuation. Betting pessimistically on Caterpillar shows something else: The excitement around AI has shifted from pure technology equities into the old-line industrials, whom investors perceive as the picks-and-shovels benefactors.That doesn’t mean Burry will be right, but it does mean he’s targeting the second and third derivatives of the AI trade, not the obvious first wave.Tesla and QQQ make Burry’s warning broaderTesla is another example of how AI has changed expectations for investors.Cars are still a benchmark for the company, but investors are beginning to value Tesla more for autonomy, robots, software, and energy storage. That makes it a part-automobile, part-AI story.Tesla claimed it manufactured more than 408,000 vehicles in the first quarter of 2026, delivered more than 358,000 vehicles, and deployed 8.8 gigawatt-hours of energy storage devices.While those operating metrics still matter, Tesla’s valuation dispute is increasingly about more than just vehicles. Investors are also debating robotaxis, autonomous driving, humanoid robots, and energy infrastructure — all themes linked to the bigger AI story.QQQ makes the bet much bigger. The ETF mimics the Nasdaq-100 index and is passively managed, offering investors exposure to many of the industry-leading firms with one investment, Invesco explains. The business also points out that as of March 31, 2026, the ETF was the second most-traded ETF in the U.S. by average daily volume.This means Burry’s QQQ put is not a single-name trade. It represents a broader wager on the growth-stock complex, which AI optimism has buoyed.Michael Burry’s warning is bigger than one stockThe read-through to the public markets is not that investors should mimic Burry’s trades. That could be risky, since shorting is a tough business, and put options might expire worthless. Burry has been early before, but this latest list of targets can’t be ignored.Nvidia revealed an 85% sales increase in its most recent quarter. Applied Materials reported record quarterly sales. SOXX is up roughly 2x year to date, according to 24/7 Wall St. Caterpillar has a true link to AI power infrastructure with a 2-gigawatt generator agreement, Bloomberg Podcasts reported. Tesla is still hitched to hopes of autonomous driving, robotics, and energy storage.Those aren’t broken enterprises, and it’s why the trade is interesting. It looks like Burry is betting that investors have already priced in too much future growth in too many sectors of the market.His shorts now include chips, chipmaking equipment, industrial power, electric cars, and wide tech exposure. Far from an arbitrary basket, it’s a map of the AI rally’s whereabouts.And his warning is clear: If AI risk is so widely dispersed, the rise may be bigger than Wall Street thinks, and more unstable.Related: Michael Burry makes first-ever bet against longtime favorite stock

With long-time Ryanair chief executive Michael O’Leary long associated with his wit and fiery temper, the larger low-cost airline in Europe has also taken a “talking the shit” strategy to its social media presence over the years.After Elon Musk called O’Leary a “total idiot” to his 223 million followers, Ryanair reciprocated by holding a “Great Idiots” fare sale in honor of Musk throughout January 2026.Other targets of Ryanair’s social media mockery have prereviously included Donald Trump, Sydney Sweeney and Leonardo DiCaprio, British Airways and various British politicians as well as, most frequently, passengers who criticize it for poor service or expect premium features on a low-cost airline.”Can’t wait for the US to lose,” Ryanair trolls Team USA onlineThe latest trolling, however, came down as Team USA was preparing to play a game against Bosnia and Herzegovina for the FIFA World Cup on July 1.”can’t wait for the US to lose to a team they couldn’t find on a map,” the airline wrote on social media platforms Facebook and Threads.Related: Hotel prices have actually fallen in these major citiesThe post was upvoted more than 30,000 times on Threads while another post that came a few hours earlier ribbed at the different way the sport is called in North America.”Dear America, reminder: it’s football, not soccer,” Ryanair wrote in the earlier post that received more than 20,000 likes.The U.S. men’s national soccer team ended up winning the match over the Balkan country 2-0 as the airline faced criticism for taking the ribbing “too far” and alienating American travelers who take it during their travels in Europe.”Dear Ryanair: America is a continent not a country,” reads another most upvoted comment under the post about the name of the sport.

Ryanair regularly leans into sarcasm and self-deprecation for its social media strategy.Mitu/Shutterstock

Ryanair trolls everyone and it’s clearly workingWhile the Irish airline’s trolling went over as too mean-spirited for a large number of commenters, Ryanair has not been discriminatory toward the U.S. When the German team was knocked out of the tournament by a loss to Paraguay on June 29, Ryanair found a post in which German content creator Finn Agostinelli said he was coming to the U.S. to “let the World Cup adventure begin” and reposted it with the quip that it was a “quick adventure.”More Travel News:Airline to launch unusual new flight to Cayman Islands from the U.S.There is a very cool Irish version of swimming pigs in the BahamasUnexpected country is most luxurious travel destination for 2026Low-cost airline launches easier way to get to Sri LankaRyanair also frequently leans into self-deprecation in social media posts where it mocks its own no-frills model and poor reputation. When one traveler asked the airline whether her dad would come back after taking the airline, Ryanair turned the answer of that depending on “whether he booked return” into a viral reel while the hard landings that many travelers complain about are also a running internet joke into which the airline itself regularly leans in.While it is hard to calculate how much going viral online translates into ticket sales, Ryanair’s social media strategy has helped it connect with a new generation of young travelers who are most likely to book a cheaper tickets in exchange for certain comforts and amenities.Related: Airline launches easier way to get to Taiwan from the U.S.