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SB Energy

AI Infrastructure (Power)Redwood City, California, United States

AI power infrastructure company founded in 2019 and controlled by SoftBank, pairing power generation with data centre development to address the electricity constraint on AI capacity. Its operating revenue comes from solar and battery storage, while it builds data centre campuses in Ohio and Texas for OpenAI.

1StartupFox story
2019Founded
AI Infrastructure(Power)Sector
Sept 2026Latest coverage

The SB Energy journey

2019 · founded
Founded in Redwood City.
Sep 2026 · milestone
Files publicly for a US IPO, seeking $5 billion to $7 billion on Nasdaq and Nasdaq Texas. Risk factors state the company is substantially dependent on OpenAI as both tenant and equity investor. ↗
IPO Watchconfirmed
StatusFiled S-1 with the SEC on 1 September 2026; to list on Nasdaq and Nasdaq Texas as SBE
Seeking $5 billion to $7 billion per Wall Street Journal reporting, with trading possible within the month. Risk factors disclose substantial dependence on OpenAI as tenant, equity holder and warrant holder. Source ↗

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Latest on SB Energy

Markets & IPO
SoftBank's SB Energy Files For US IPO, Says It Is Substantially Dependent On OpenAI
2 SEPT 2026 · 5 MIN READ

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Frequently Asked

What is SB Energy?

AI power infrastructure company founded in 2019 and controlled by SoftBank, pairing power generation with data centre development to address the electricity constraint on AI capacity. Its operating revenue comes from solar and battery storage, while it builds data centre campuses in Ohio and Texas for OpenAI.

What is the status of the SB Energy IPO?

Filed S-1 with the SEC on 1 September 2026; to list on Nasdaq and Nasdaq Texas as SBE.

What is the latest news on SB Energy?

The most recent StartupFox coverage is “SoftBank's SB Energy Files For US IPO, Says It Is Substantially Dependent On OpenAI” (2 September 2026). All stories are listed on this page.