SoftBank's SB Energy AI Infrastructure Unit Files for Initial Public Offering

SB Energy Inc., a SoftBank Group Corp. unit specializing in data centers and electrical infrastructure, has filed for an initial public offering. While the company did not specify the amount it aims to raise, previous reports indicated a target of $5 billion to $7 billion in shares and a potential valuation exceeding $50 billion. The company reported a $3.2 billion loss on $139 million in sales during the first half of 2026, with most revenue derived from energy infrastructure projects. SB Energy's long-term growth strategy is centered on its data center business, which boasts a $430 billion project backlog, including a 10-gigawatt data center campus in Ohio for OpenAI Group PBC, supported by Nvidia Corp.