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SB Energy files for Nasdaq IPO targeting $5-7 billion raise
SB Energy, a SoftBank-majority-owned power and data center developer, has filed for a US IPO on Nasdaq under the ticker SBE, targeting a raise of $5 billion to $7 billion. The company is positioning itself as a critical provider of AI infrastructure, reporting a contracted data-center backlog valued between $400 billion and $439 billion.
To secure OpenAI as an anchor tenant, SB Energy issued warrants that were valued at approximately $3.6 billion in January 2026 and rose to an estimated $5.5 billion by the end of June 2026. OpenAI has also invested $500 million in the company and is expected to hold a single-digit percentage stake following the IPO.
Nvidia is also heavily involved in the company’s growth, committing $3 billion through a $1.5 billion private placement and a $1.5 billion forward contract. Additionally, Nvidia has provided up to $105 billion in residual-value guarantees for the PORTS-Pike Technology Campus in Ohio, which is intended to host OpenAI’s computing capacity.
Despite its massive backlog, SB Energy reported a net loss of approximately $3.21 billion for the first half of 2026, a figure largely driven by the increased valuation of its warrant liabilities to OpenAI.
Entities
Nvidia · OpenAI · Pike County · SB Energy · SoftBank · SoftBank Group
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] SB Energy is targeting an IPO raise of between $5 billion and $7 billion. fourweekmba.com · thenextweb.com · kapital.kz · bitnewsbot.com · finance.technews.tw · +6 more
- [● 12 SOURCES] SB Energy has a reported contracted data-center backlog of approximately $400 billion to $439 billion. fourweekmba.com · thedeepdive.ca · bitnewsbot.com · finance.technews.tw · www.ot.gr · +6 more
- [● 11 SOURCES] SB Energy granted OpenAI warrants that were valued at approximately $5.5 billion by the end of June 2026. fourweekmba.com · businessmodelanalyst.com · thenextweb.com · kapital.kz · thedeepdive.ca · +5 more
- [● 3 SOURCES] SB Energy reported a net loss of approximately $3.21 billion for the first half of 2026. businessmodelanalyst.com · thedeepdive.ca
- [● 6 SOURCES] OpenAI is expected to hold a single-digit percentage stake in SB Energy following its IPO. fourweekmba.com · thenextweb.com · kapital.kz · www.ithome.com · news.cnyes.com
- [● 3 SOURCES] Nvidia is committing $3 billion to SB Energy through a $1.5 billion private placement and a $1.5 billion forward contract. bitnewsbot.com · thedeepdive.ca · www.ithome.com
- [● 2 SOURCES] SB Energy has filed for a US IPO on Nasdaq under the ticker SBE. bitnewsbot.com · thedeepdive.ca
- [● 4 SOURCES] Nvidia provided $105 billion in residual-value guarantees covering 4.25 gigawatts of capacity at the PORTS-Pike campus in Ohio. bitnewsbot.com · cryptobriefing.com · thedeepdive.ca · news.cnyes.com