Moonshot AI Launches $500B Pre-IPO Round Following K3 Model Release

ChainCatcher report: According to an exclusive report by the Science and Technology Daily, Moonshot AI has officially launched its G-round (pre-IPO) financing, with a valuation of $50 billion. Sources familiar with the matter revealed that funding demand surged sharply after the release of the K3 model, with multiple institutions already expressing investment interest. Investors must complete payment by August 15; to be directly listed on the shareholder register, an investor’s assets under management must exceed $500 million. The company’s F-round financing—valued at $35 billion—was fully settled last week, with actual proceeds reaching $3.5 billion. In April this year, the company’s valuation was approximately $18 billion, nearly tripling in just three months. According to insiders, the primary driver behind this sharp valuation increase is the release of the K3 model. On July 27, Moonshot AI officially open-sourced the full model weights of Kimi K3, becoming the world’s first publicly available large model with 3 trillion parameters. Currently, API revenue accounts for more than 70% of the company’s total revenue, and ARR has grown several-fold since the K3 launch. Regarding recent reports suggesting the company may submit its IPO application to the Hong Kong Stock Exchange as early as this month, a source responded that “the information is inaccurate—the G-round financing is still ongoing.” As of publication, Moonshot AI has not issued an official statement on this matter.