Moonshot AI Tells Investors ARR Topped $1B in August, Targets $2B by End of 2026

Bloomberg reports Moonshot AI told investors its annualized revenue crossed $1B in August, up from $300M in June, and it is aiming for $2B ARR by the end of 2026. The surge is driven by July's Kimi K3 release — the largest open-weight model to date at 2.8T parameters — which topped Chinese benchmarks while undercutting US frontier pricing. The disclosure follows Moonshot's confidential Q1 2027 HK IPO filing at a rumored $50B valuation.