Noesion Radarnoesion.ai
Market2026-08-31

SB Energy issued OpenAI warrants estimated at $5.5 billion to secure it as a data-center tenant. SB Energy is a data-center and power venture backed by SoftBank. The warrants were granted ahead of SB Energy's planned stock market listing. OpenAI had already invested in SB Energy before this arrangement. The Wall Street Journal reviewed draft listing documents describing the deal. The arrangement deepens the financial ties between the two companies. SB Energy is using such deals to help fund the build-out of its projects.

What changed

OpenAI had previously invested in SB Energy without holding warrants of this size.

  • warrants valued at about $5.5 billion

Sources

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