New stock news | The dark side of the moon is planning to launch the last round of financing before IPO with a target valuation of 50 billion US dollars. It is expected to be listed in Hong Kong in as fast as 6 months.

Moonshot AI, a large-scale unicorn company in the country, is accelerating the process of capitalization. It is reported that the company plans to launch the final round of financing negotiations before going public in Hong Kong in August, with a target pre-investment valuation of $50 billion. According to sources, Moonshot AI is expected to complete a previous round of financing in the next few days related to the launch of a new generation large-scale model Kimi K3, with a corresponding valuation of about $31.5 billion. After the financing is completed, the company will immediately start a new round of financing negotiations, which is expected to be the last private equity financing before listing on the Hong Kong capital market. The company could potentially go public in Hong Kong within the next 6 months. Moonshot AI was founded in 2023 by AI researcher Yang Zhilin and is one of the early AI companies in the country to focus on the development of general large language models. The company's core product is the Kimi intelligent assistant, focusing on abilities such as long text understanding, multi-turn dialogue, code generation, and complex task processing, aiming to create a new generation of general artificial intelligence models for the global market. In recent years, Moonshot AI has been increasing its investment in model research and development. Its Kimi series of models, known for their ability to handle long contexts, have gained market attention and have gradually expanded into commercial scenarios such as API calls and enterprise services. In July 2026, the company released the latest generation model, Kimi K3, with a scale of 28 trillion parameters and support for 1 million Token context windows, which the company claims is one of the largest open-source weight models in the world. The release of Kimi K3 received strong market response, and due to rapid growth in user demand, the company temporarily suspended new subscription services to prioritize the experience of existing paying users and expand computational resources. In addition to technological breakthroughs, Moonshot AI's commercial progress has also become an important factor supporting the rapid increase in valuation. Data shows that the company's annual recurring revenue (ARR) surpassed $100 million in the first quarter of 2026, then exceeded $200 million in May, and further surpassed $300 million in June. Revenue growth mainly comes from API calls, enterprise-level services, and overseas market expansion, with the API business becoming the main source of revenue. According to the company's disclosure, API calls account for about 70% of Moonshot AI's B-side revenue, and the company is launching the Kimi Hosted Agent platform for enterprise customers to embed AI capabilities into office, research, investment research, and other business processes through standardized interfaces.