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Aug 20 2026

Moonshot races to close its pre-IPO round at up to a $50 billion pre-money valuation, with Chinese media reporting fund transfers targeted by August 27th and a Hong Kong filing by September 30th.

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Bloomberg reported the $50 billion target in July; the compressed timeline and National Social Security Fund participation are sourced to Chinese tech media. A fall listing would put a frontier-scale Chinese lab on public markets before OpenAI or Anthropic.

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