Moonshot AI remains privately held, so there is no official public Kimi stock price, and any prediction must focus on the company's potential valuation rather than a per-share target. Reuters reported that Moonshot’s private valuation reached approximately $30 billion in June 2026. The article presents hypothetical valuation scenarios for 2026–2030, including a 2026 bear case of $15B–$25B, a base case of $25B–$40B, and a bull case of $40B–$60B. By 2027, base valuation is $35B–$60B; by 2028, base is $45B–$80B; and by 2030, base is $60B–$120B with a bull case of $150B–$250B+. These ranges are analytical scenarios only, not forecasts from Moonshot, MEXC, or investment banks. A per-share valuation requires company equity value divided by fully diluted shares, but Moonshot has not published a final IPO prospectus with a definitive share count, which could be affected by existing common shares, preferred shares, employee options, convertible securities, new IPO shares, and future funding. The eventual IPO could value the company higher, near the same level, or lower than the $30 billion private mark. The 2026 bear scenario could result from falling AI valuations, IPO delays, rising compute costs, slowing Kim