Moonshot AI Completes $50 Billion Valuation Ahead of Hong Kong IPO in Early 2027

Moonshot AI, a Chinese startup behind the Kimi large language model series, has closed its final private funding round at a $50 billion pre-money valuation and is targeting a Hong Kong initial public offering in the first quarter of 2027. The Beijing-based company, founded in 2023, has achieved one of the fastest valuation trajectories in AI history—growing from $10 billion in January to $50 billion in under eight months, driven by strong demand for its models and state-backed investment support.