SB Energy-backed by SoftBank, Nvidia and OpenAI files for IPO
SB Energy, an AI power infrastructure company backed by SoftBank, OpenAI and Nvidia, has filed for an IPO with the SEC. It reported about $3.2 billion in net losses and $139 million in revenue in the first half of 2026, and is seeking $5 billion to $7 billion. Nvidia previously announced $105 billion financing for an OpenAI data center in Ohio to be built by SB Energy, amid risks including technology obsolescence, capex slowdown and growing public backlash that could lead to local moratoria.