benzinga.com

SoftBank eyes $6B for 1X as Tesla Optimus odds fall

SoftBank Group Corp. logoSoftBank Group Corp.
Sig2.95Sen+3.20Env0.00Soc+0.10Gov+0.30
Tesla logoTesla
Sig1.65Sen-2.35Env0.00Soc0.00Gov0.00

SoftBank is reportedly circling around a roughly $6B valuation for robotics startup 1X, after its earlier attempt to raise up to $1B. 1X has reservations for its NEO robot and used OpenAI’s Startup Fund to raise $23.5M in 2023. Tesla’s Optimus consumer launch has slipped, while Tesla plans its first production line for up to 1M robots a year.

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