SpaceX's 47% retreat from its post-IPO high and Moonshot AI's low-cost Kimi K3 model are challenging premium AI valuations, although resilient

Moonshot AI launched the Kimi K3 model, challenging U.S. competitors. Anthropic's valuation hitting $1.25T by December at 91% YES.

Moonshot AI's announcement causes U.S. tech stocks to drop. Alphabet's chance to be the second-largest company by market cap on July 31 at 5.5% YES.

The Chinese startup unveiled Kimi K3 on Friday, a model that it says delivers performance that rivals top-tier offerings from OpenAI and Anthropic PBC at a fraction of the cost.…