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      OpenAI Receives $5.5 Billion in Warrants from SB Energy Ahead of IPO

      SB Energy, a company backed by SoftBank, has granted OpenAI warrants valued at approximately $5.5 billion as part of a strategy to attract the tech firm as a tenant for its data centers. This arrangement is detailed in the company's IPO draft documents, which are expected to be publicly submitted soon.

      The IPO is anticipated to take place next month, with SB Energy aiming to raise between $5 billion and $7 billion. Currently, the company serves a customer base that includes several of its investors, and both SoftBank and OpenAI are set to occupy three of SB Energy's data centers.

      Additionally, SB Energy has a fourth data center located in Scurry County, Texas, which has a capacity of 900 megawatts but does not yet have confirmed customers. The upcoming IPO and the partnership with OpenAI are significant steps for SB Energy as it prepares for its public offering.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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