SoftBank Trims OpenAI-Backed Loan to $6B as Lenders Balk at Valuation Risks

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2026-05-09 00:23:02

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SoftBank Group Corp. shares rose 2.91% to $19.79 after scaling back a planned margin loan tied to its OpenAI stake. The original $10 billion financing target was halved to $6 billion amid lender concerns over valuing the private AI firm. Early trading saw shares touch $19.90 before stabilizing above $19.70.

The reduced loan size reflects institutional skepticism about collateralizing unlisted OpenAI shares. SoftBank's attempt to monetize its position without selling highlights both its conviction in AI's growth and the risks of leveraged bets on illiquid assets. Market reaction suggests cautious approval of the compromise.

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