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The Late Stage 50 · 2026 edition · #20 of 50

Moonshot AI

Seeking the optimal conversion from energy to intelligence

Access late stageBack to the list
US$1.0bn+ARR · Aug 2026
—growth not disclosed
#20rank by disclosed revenue

The figure

Revenue
more than $1 billion
ARR · Aug 20261Bloomberg · 11 Sept 2026
In US dollars
US$1.0bn+
as stated
Standing
reported
Named press, described source — Bloomberg, citing people familiar with the matter; the figure is attributed in the article
Published
11 Sept 2026
accessed 17 Oct 2026
Evidence
“topped $1 billion in August, up from $300 million in June” — as read on the source page1Bloomberg · 11 Sept 2026
Prior year
$300 million
ARR · Jun 20262Nikkei · 21 July 2026
Growth
—
not shown: the prior figure is two months earlier, not a year.

Context

Founded
2023
3moonshot.ai
Headquarters
Beijing, China
3moonshot.ai
Sector
Deep tech & defence
Frontier AI lab: open-weight Kimi models, chatbot and API
Website
www.moonshot.ai
Valuation
US$50bn
· as reported, not part of the ranking4Bloomberg · 6 Oct 2026
Status
Private as of 17 October 2026
Bloomberg (6 Oct 2026, citing people familiar with the matter): closed a final private round at about $50bn and is heading for a Hong Kong IPO in Q1 2027; the company has filed confidentially. Not listed.4status check · 17 Oct 2026

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References

Every figure on this page, by source.

  1. 1Bloomberg · 11 Sept 2026news.bloomberglaw.com/capital-markets/china-ai-star-moonshot-eyes-2-billion-annualized-sal…
  2. 2Nikkei · 21 July 2026asia.nikkei.com/business/technology/artificial-intelligence/china-s-moonshot-ai-plans-hong…
  3. 3moonshot.aiwww.moonshot.ai/
  4. 4Bloomberg · 6 Oct 2026finance.yahoo.com/technology/ai/articles/moonshot-said-eye-early-2027-023225703.html

Every link was opened on 17 October 2026 and the figure read on the page. Secondary-market indications, where shown, are provided by Forge Global and Clarity (formerly Hiive), are not offers, and play no part in the ranking.