Moonshot AI is said to have completed pre-IPO financing, with its latest valuation at approximately $50 billion.

Moonshot AI has completed its final private funding round at a valuation of about $50 billion and is pushing ahead with an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter. The company has also begun preparations to gauge investor interest, with preliminary talks with investors potentially starting as early as this month, the sources said. Discussions are still ongoing and the timing of the IPO could change, the people said.