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China’s Moonshot AI passes funding goal to hit $45.2 billion valuation

July 29, 2026
Source: straitstimes.com straitstimes.com
News Snapshot:
NEW YORK – Moonshot AI secured a US$35 billion (S$45.21 billion) valuation after raising a larger-than-anticipated US$3.5 billion in a just-closed round of financing, riding the momentum from a breakthrough Kimi K3 model that sent ripples through Silicon Valley.The Beijing-based start-up managed to secure far more than the US$1 billion to US$2 billion it initially targeted, people familiar with the matter said, asking not to be identified to talk about private information.Moonshot is now reaching out to potential backers for a new funding round at a US$50 billion pre-money valuation, aiming to secure capital a final time before an initial...
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