It was launched on the 50th anniversary of Pink Floyd’s The Dark Side of the Moon which was Yang's favorite album and the inspiration for the company's name.

[3] It was reported that Yang and related individuals allegedly cashed out $40 million worth of shares, considered unusually large for a company's first year.

[5] In August 2024, Tencent and Gaorong Capital joined as investors in a $300 million funding round that valued Moonshot at $3.3 billion.

Due to the increased number of users, on 21 March, Kimi suffered an outage for two days and Moonshot had to issue an apology.

Moonshot claimed it matched the performance of OpenAI o1 in mathematics, coding, and multimodal reasoning capabilities.