---
format: "aidr-story-markdown/v1"
id: "ceea18b760e43d802176ea225a64fd17b605bf737df83ffcfd2cc2769ffb3165"
canonical_url: "https://aidr.today/ceea18b7?lang=en"
title: "SB Energy Delays IPO After $60 Billion Valuation Pushback"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
fallback_fields: []
published_at: "2026-09-25T15:45:06.000Z"
category: "Funding"
topics: ["openai","funding"]
source_urls: ["https://huggingnews.com/ai/update-sb-energy-delays-ipo-after-60-billion-valuation-pushback-7dc7eaae","https://x.com/wallstengine/status/2102105127079563331","https://x.com/business/status/2102116920602345618","https://x.com/business/status/2102578736667226179","https://x.com/choblin29/status/2103508820224028676","https://x.com/edzitron/status/2102236013674561727","https://x.com/rohanpaul_ai/status/2102248926464078144","https://x.com/firstadopter/status/2102124865356709995"]
summary: "The SoftBank-backed firm building a massive AI data center in Ohio has shifted its target for going public from September to at least late October. SB Energy sought a valuation of up to $60B but struggled to attract sufficient buyers as investors questioned its lack of operating capacity and total reliance on OpenAI. While the company projects a $439B revenue backlog over the next 20 years, it has yet to launch a single operational site and is currently answering additional questions from the US Securities and Exchange Commission. Nvidia is purchasing an additional $1.5B in shares of SB Energy ahead of the listing. The developer has 8.8GW of capacity contracted or under construction with total capital expenditures of $178B, primarily funded through debt. This delay follows a cooling appetite for AI infrastructure listings, including paused offerings from Holtec and Aggreko, though competitor DayOne still intends to raise $5B at a $20B valuation in November."
---

# SB Energy Delays IPO After $60 Billion Valuation Pushback

> [Open the canonical story](<https://aidr.today/ceea18b7?lang=en>)

**Published:** 2026-09-25T15:45:06.000Z
**Category:** Funding
**Topics:** openai, funding

## Summary

The SoftBank\-backed firm building a massive AI data center in Ohio has shifted its target for going public from September to at least late October\. SB Energy sought a valuation of up to $60B but struggled to attract sufficient buyers as investors questioned its lack of operating capacity and total reliance on OpenAI\. While the company projects a $439B revenue backlog over the next 20 years, it has yet to launch a single operational site and is currently answering additional questions from the US Securities and Exchange Commission\. Nvidia is purchasing an additional $1\.5B in shares of SB Energy ahead of the listing\. The developer has 8\.8GW of capacity contracted or under construction with total capital expenditures of $178B, primarily funded through debt\. This delay follows a cooling appetite for AI infrastructure listings, including paused offerings from Holtec and Aggreko, though competitor DayOne still intends to raise $5B at a $20B valuation in November\.

## Sources

- [Story source](<https://huggingnews.com/ai/update-sb-energy-delays-ipo-after-60-billion-valuation-pushback-7dc7eaae>)
- [Story source](<https://x.com/wallstengine/status/2102105127079563331>)
- [Supporting source](<https://x.com/business/status/2102116920602345618>)
- [Story source](<https://x.com/business/status/2102578736667226179>)
- [Story source](<https://x.com/choblin29/status/2103508820224028676>)
- [Supporting source](<https://x.com/edzitron/status/2102236013674561727>)
- [Supporting source](<https://x.com/rohanpaul_ai/status/2102248926464078144>)
- [Supporting source](<https://x.com/firstadopter/status/2102124865356709995>)