

Markets
AI Trade Cracks as Chinese Rivals Crumble, SpaceX Sinks Below IPO Price
Moonshot's Kimi K3 sent Z.ai down 28 percent and MiniMax 16 percent in a reaction likened to the 2025 DeepSeek panic, as a scrubbed Starship test dropped SpaceX 5.5 percent to $122.12
By J.S. Gallagher · 4 min read