Trump’s February 2026 directive launched the Presidential Unsealing and Reporting System for UAP Encounters (PURSUE), triggering the Pentagon’s first batch of declassified files on May 8, a second tranche on May 22, and a third release of 72 documents, videos, and images on June 12. These rolling disclosures, hosted on war.gov/UFO, have generated massive public engagement while delivering mostly unresolved sighting reports rather than definitive extraterrestrial revelations. Ongoing momentum from congressional pressure and administration transparency pledges suggests additional drops remain likely, though the absence of blockbuster evidence and the “unresolved cases” disclaimer keep market-implied odds sensitive to the exact resolution deadline and any surprise announcements. Traders should watch for the next scheduled or unscheduled release timing.