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SoftBank loses $38B as OpenAI IPO postponed.

6/27/2026

31 3 Full Breakdown

Summary

SoftBank Shares Plunge

SoftBank Group Corp. shares fell up to 13% on June 26, 2026, after a New York Times report that OpenAI may delay its IPO to 2027 with a $1 trillion valuation.
The drop erased about $38 billion of SoftBank’s market value.
A $40 billion loan due March 2027, expected to be repaid with IPO proceeds, now faces uncertainty.
A $6 billion margin loan using SoftBank’s 13% OpenAI stake as collateral stalled because lenders lack a price reference.

Summary

Roze Targets $100B

Roze aims for a $100 billion valuation and a possible listing in the second half of 2026.
Roze will merge SoftBank’s AI hardware, energy supply and automation assets into a closed-loop physical-AI ecosystem after SoftBank’s $41 billion OpenAI investment and ABB robotics acquisition.
SoftBank scheduled a July analyst day in Texas, hired KPMG for Roze’s statements and named Arm’s finance VP as interim CFO.

Summary

OpenAI IPO Delay

Dozens of AI-related stocks lost hundreds of billions in market capitalisation before the New York market opened on June 26 2026.
The OpenAI IPO, described as the AI market’s psychological anchor, faced advisor calls to postpone because conditions would force a valuation below its target.
OpenAI executives said even a $1 trillion valuation may be unattainable now, signaling pressure across the AI valuation complex.

History

Historical Context

The dot-com bubble peaked on March 10 2000 when the NASDAQ hit 5,048.62, then fell 78 % by October 2002, erasing about $5 trillion in tech value. Companies such as Cisco and Amazon saw market caps plunge over 80 % and 90 % respectively, echoing today’s AI financing worries. The subsequent 2001 telecom crash, which wiped out billions of debt-laden firms like WorldCom, reinforced regulators’ caution toward inflated tech valuations.

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SoftBank Shares Plunge

SoftBank Group Corp. shares fell up to 13% on June 26, 2026, after a New York Times report that OpenAI may delay its IPO to 2027 with a $1 trillion valuation.
The drop erased about $38 billion of SoftBank’s market value.
A $40 billion loan due March 2027, expected to be repaid with IPO proceeds, now faces uncertainty.
A $6 billion margin loan using SoftBank’s 13% OpenAI stake as collateral stalled because lenders lack a price reference.

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