SpaceX Slide and Kimi K3 Launch Fuel Fears of AI Stock Bubble
Key Takeaways SpaceX closed below $120 after seven consecutive declines, extending its loss from the $135 IPO price. Kimi K3’s strong reception reinforces concerns that Chinese developers can deliver competitive AI models at substantially lower prices. Upcoming SpaceX earnings, Starship testing and post-IPO share unlocks could determine whether the decline stabilizes or deepens. SpaceX Decline…
