Moonshot plans to list in Hong Kong within six months at a $30 billion valuation
TL;DR
Moonshot AI is preparing a Hong Kong IPO within six months at $30B+. ARR hit $300M. The Kimi K3 model, which matched US frontier labs, accelerated the timeline.
Moonshot AI has told investors it is preparing to list in Hong Kong in as soon as six months, Bloomberg reported on Saturday. The company has distributed a shareholder resolution seeking backing for the IPO and is wrapping a fundraising round that may value the three-year-old startup at more than $30 billion. Annual recurring revenue hit $300 million in June, up from $200 million in April.
Moonshot unveiled Kimi K3 last week, a 2.8-trillion-parameter open-weight model that matched or exceeded Anthropic’s Fable 5 and OpenAI’s GPT-5.6 on several benchmarks. The company had been preparing to pull the trigger on the listing before the K3 release, but the model’s reception, which sent global tech stocks lower and drew a “concerning...
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