Moonshot AI (Kimi) Closes Funding Round at $50B Valuation, Eyes Ear...

Moonshot AI (Kimi) Closes Funding Round at $50B Valuation, Eyes Early-2027 IPO

Bloomberg reports, citing unnamed sources, that Moonshot AI — maker of the Kimi AI model family — has closed its latest funding round at a $50 billion valuation, likely its final private round before an IPO targeted for early 2027. Kimi drew significant attention after Kimi K3 matched top-tier models at launch; the company now generates roughly $1 billion in annual revenue, with expectations of reaching $2 billion. It's reportedly eyeing a Hong Kong listing and seeking an additional $5 billion in funding.

The listing would add to a growing trend: while on the US side only SpaceX (via its xAI merger) is public, with OpenAI and Anthropic still mid-IPO-process, Chinese AI companies are increasingly going public already — including MiniMax (HKG:100) and Z.AI (HKG:2513).