Moonshot AI is targeting $2 billion in annualized revenue by the end of 2026 after annual recurring revenue surpassed $1 billion in August, up from about $300 million in June.

The sharp increase followed the July launch of Kimi K3 and reflects growing subscription and API demand. The revenue acceleration comes as Moonshot prepares for a potential IPO and seeks to establish a larger commercial business around its open-weight AI models.

Source: bloomberg.com