DeepSeek Wants a $75 Billion Valuation

AI 📅 Oct 3, 2026 ✍️ Aamir Raza

The Chinese AI lab is finalizing a $7.5B raise as its revenue doubles — with a Shanghai IPO waiting in the wings. LexxWire

Revenue Hit $1 Billion — In Months

DeepSeek's annualized run rate doubled from under $500M after raising API prices 2.3 to 4.5 times in August, per The Information. LexxWire

$7.5B Raise, Closing by October

The round — 50 billion yuan at a 500 billion yuan valuation — aims to close by end of October, Reuters and The Information report. LexxWire

Training First, Customers Second

Over 70% of DeepSeek's compute goes to training new models. Founder Liang Wenfeng told investors revenue is not the main focus. LexxWire

Next Stop: Shanghai Stock Market

DeepSeek hired CITIC Securities to prepare a STAR Market listing. Future training will run on Chinese chips, with Huawei deliveries expected in Q4. LexxWire

DeepSeek Wants a $75 Billion Valuation — and Its Revenue Just Doubled