Beijing-based Moonshot AI is in early talks for up to $2B at a ~$30B valuation, per Bloomberg (8 Jun 2026).
Third raise in six months. ~7x jump from $4.3B in Dec 2025. A separate $2B Meituan round at $20B is still closing.
Underneath: ARR doubled to ~$200M by April. Kimi K2.6 is the #2 LLM on OpenRouter. K2.7 (1T params) open-sourced 12 Jun. Restructuring for a Hong Kong IPO.









