Moonshot AI is preparing to launch its final pre-IPO funding round in August, with a target valuation of up to $50 billion. The current round, expected to close soon, values the company at $31.5 billion. If it hits the upper bound, that’s an almost 60% jump.
Moonshot AI could go public in Hong Kong as soon as this year. The team plans to finish dismantling its red-chip structure by the end of the month to prepare for domestic fundraising and an IPO.
The capital interest is fueled by the recently released Kimi K3 model. Since its launch, daily sales have increased at least sixfold. Moonshot AI’s ARR (annual recurring revenue) hit $300 million in June, up from $200 million in April.
K3 isn’t just helping Moonshot AI sell models — it’s rapidly pushing up the company’s fundraising and IPO price.