SoftBank executes $10 billion of planned $30 billion OpenAI follow-on

The February 2026 commitment is structured in three $10 billion tranches at a $730 billion pre-money valuation, with SoftBank’s total stake value projected at about $64.6 billion after completion.

Summary

SoftBank has carried out another $10 billion tranche of its planned $30 billion follow-on investment in OpenAI, moving further toward completing the February 2026 commitment tracked by Beating monitoring. The deal is divided into three $10 billion installments at a $730 billion pre-money valuation. SoftBank had previously invested about $34.6 billion through Vision Fund 2, and completion of the full commitment would lift the value of its overall stake to about $64.6 billion, or roughly 13%.

Terms & Concepts
  • pre-money valuation: A company’s value before new investment is added.
  • follow-on investment: Additional capital invested after an earlier funding round.
  • Vision Fund 2: SoftBank’s investment fund for technology companies.