SoftBank posts $46 billion gain at Vision Fund driven mainly by massive OpenAI bet
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SoftBank posted its Vision Fund a $46 billion gain for the fiscal year, driven almost entirely by its OpenAI stake.
- SoftBank has invested over $30 billion in OpenAI and may commit more than $60 billion, giving it roughly a 13 % ownership.
- OpenAI closed a March funding round co‑led by SoftBank that valued the company at $852 billion.
- S&P Global Ratings cut SoftBank’s outlook from stable to negative, warning that the heavy OpenAI exposure could strain its liquidity and debt capacity.
- SoftBank sold stakes in T‑Mobile and Nvidia, earning ¥218.1 billion ($1.4 billion) in investment income, while still posting a ¥5 trillion net profit for the year.
Why it matters: SoftBank’s shareholders see a $46 billion boost, but the heavy OpenAI exposure prompts S&P to downgrade its outlook, tightening financing terms and pressuring the group to divest non‑core assets.
