Moonshot AI Launches $50 Billion Pre-IPO Round Driven by K3 Model Release

According to 《科创板日报》, Moonshot AI has officially launched its G-round Pre-IPO financing at a $50 billion valuation on August. The fundraising deadline is August 15, with investment managers required to have at least $500 million in assets under management to enter the shareholder registry.

The valuation jump is primarily driven by the July 27 release of Kimi K3, the world's first open-sourced 3 trillion-parameter large language model. The company's API revenue now accounts for over 70% of total revenue, with annualized recurring revenue (ARR) increasing several times over since K3's launch.