SoftBank’s $439 Billion AI Backlog Comes With $3.21 Billion Loss
SoftBank reported first-half revenue rising 66.4% to $138.7 million, while its net loss widened to $3.21 billion. The disclosed $439 billion AI backlog is largely long-term contract revenue, not near-term cash. Nvidia committed $1.5 billion at IPO pricing and OpenAI’s warrants were valued near $5.5 billion, as investors weighed SB Energy’s planned U.S. IPO amid lease revenue concentration concerns.