Moonshot AI reportedly plans final pre-IPO round at $50 billion valuation

Moonshot AI, the company behind the Kimi chatbot, is reportedly set to begin talks in August for a final pre-IPO round.

The financing could value the company at up to $50 billion pre-money.

Moonshot is also preparing for a Hong Kong listing within six months and has already shared an IPO proposal with investors.

It is working to unwind its overseas red-chip structure as part of the listing plan.

ARR jumped from $100 million in March to $300 million in June, and the company recently launched Kimi K3 before suspending new paid consumer subscriptions amid surging demand.