Markets
markets
Claire Yubin Oh

SoftBank’s OpenAI investment gains drive fourth consecutive profitable quarter

SoftBank is up 4% in premarket trading on Thursday after the Japanese conglomerate announced a net profit of 248.6 billion yen ($1.6 billion) in its fiscal third quarter, buoyed by a $4.2 billion valuation gain in its OpenAI investment.

SoftBank marked its fourth consecutive quarter of profits, swinging from a loss of 369 billion yen ($2.4 billion) in the same quarter the year before.

The Masayoshi Son-led firm has invested a total of $34.6 billion in OpenAI so far, amounting to an ~11% stake in the startup, per its earnings presentation. The company is also reportedly looking to invest as much as $30 billion more in the ChatGPT maker in a funding round that would value it at up to $830 billion.

SoftBank is accumulating more dry powder to fund its investments in OpenAI and other AI-adjacent ventures. Management shared on Thursday that they sold $12.7 billion worth of T-Mobile shares between June and December 2025, offloading an additional $2.3 billion in January of this year. In addition, they borrowed another $400 billion via a margin loan that uses SoftBank Corp. shares in December.

Since SoftBank started investing in OpenAI through the end of 2025, the company has enjoyed a $19.8 billion investment gain in total. The OpenAI investment, alongside other investments in its second tech-heavy Vision Fund, drove a $6.5 billion increase in fair value for the quarter — helping to outweigh a $4.1 billion loss in its first Vision Fund, “primarily due to share price declines of Coupang and DiDi.”

Softbank
Source: Company filing

BTIG analyst Jesse Sobelson estimates that the ChatGPT maker now represents 30% of SoftBank’s net asset value. The company’s stock has also almost doubled in the past year as retail investors piled into SoftBank to get pseudo-exposure to the now private OpenAI.

More Markets

See all Markets
Luke Kawa
8/17/26
Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC