SoftBank-Backed SB Energy Proposes Multi-Billion-Dollar Offer to OpenAI
According to draft IPO documents, data center startup SB Energy has offered a massive stock option package to attract OpenAI as a tenant.
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Draft IPO documents reviewed by investors revealed that SoftBank-backed SB Energy offered approximately $5.5 billion in warrants to make OpenAI a data center tenant.
Strategic Pre-IPO Move
SoftBank-backed SB Energy took a notable step ahead of its upcoming IPO process to attract OpenAI and granted the company a significant privilege.
Multi-Billion-Dollar Warrant Detail
According to reviewed draft IPO documents, warrants valued at approximately $5.5 billion were given to OpenAI—which is known to have invested previously—to be utilized within SB Energy.