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Douglas Research Insights

Initial Thoughts on the Moonshot AI IPO in Hong Kong

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Douglas Kim
Jul 23, 2026
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  • Moonshot AI is one of the hottest companies in China. Moonshot AI is getting ready to complete its IPO in Hong Kong in late 2026/early 2027.

  • Company is seeking a pre-IPO funding at about $50 billion. I think its valuation could be well north of $100 billion when it completes its IPO in about six months.

  • A critical element of Moonshot AI’s technical strategy is its adherence to an open-weight distribution model.


Source: https://cathayinnovation.com/behind-the-term-sheet-moonshot-ai/

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