# Moonshot AI reportedly opens $50 billion pre-IPO round as Kimi K3 drives demand > Source: > Published: 2026-08-05 05:33:11+00:00 Moonshot AI, the Chinese developer of the Kimi chatbot, has reportedly opened a G-round pre-IPO financing at a valuation of $50 billion. A person familiar with the deal said investor interest intensified after Kimi K3 launched, with institutions registering intended commitments. The same source said reports that Moonshot planned to file for a Hong Kong IPO this month were untrue, while the G round was still underway. Moonshot has not publicly confirmed the financing, and the amount being raised has not been disclosed. [[21Finance](https://m.21jingji.com/article/20260805/herald/bfd8eb1595bd0c346d354193f50d2080.html), in Chinese]