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Sources: Moonshot AI hit a $35B valuation after closing a $3.5B round, exceeding its initial target of $1B to $2B, and plans a Hong Kong IPO as soon as 2026 (Bloomberg)

Techmeme ·
Moonshot AI’s latest financing valued the Chinese AI startup at $35 billion, well above the size it first sought.

Bloomberg sources said the company closed a $3.5 billion round after initially targeting $1 billion to $2 billion. The report also says Moonshot is preparing for a Hong Kong IPO that could come as soon as 2026. Techmeme’s captured note does not include more detail on investors or offering terms. Techmeme's note

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