Moonshot AI Targets $50B Valuation and Hong Kong IPO After Kimi K3 Sales Jump 6x

Reuters via Yahoo Finance·high signal

Moonshot is closing its current round near $31.5B and will open final pre-IPO fundraising talks in August at up to $50B, with Goldman Sachs and CICC advising on a Hong Kong listing that could come within six months. Daily sales have multiplied at least sixfold since the 2.8-trillion-parameter Kimi K3 launched, with ARR reaching roughly $300M in June, up from ~$200M in April. The IPO push runs directly against the concurrent US distillation allegations and sanctions threat.