China’s Moonshot in Talks on Pre-IPO Funds at $50 Billion Value

China’s Moonshot in Talks on Pre-IPO Funds at $50 Billion Value Moonshot AI is preparing to begin discussions in August on a final round of fundraising before listing in Hong Kong, capitalizing on the excitement around its latest model to raise capital at a valuation of as much as $50 billion. The Chinese AI lab should close in coming days a financing round that began this summer at a valuation of $31.5 billion, people familiar with the matter said. Once finalized, Moonshot then intends to immediately open discussions with potential backers about a follow-on capital-raising, the people said, asking to remain unidentified to talk about a private deal. That should mark the final infusion of capital for Moonshot before an initial public offering as soon as this year.