All 3 deals between OpenAI and SoftBank: $63B in total since Feb 3, 2025, with dates, status and sources. Updated Nov 9, 2026.
SoftBank co-leads the $110 billion round at $730 billion pre-money with an additional $30 billion.
SoftBank (via Vision Fund 2) commits up to $30 billion of the $40 billion round at a $300 billion post-money valuation; second closing of $22.5 billion completed on 26/12/2025, ~11% stake.
SoftBank commits to spend $3 billion a year to use OpenAI solutions across its companies; the SB OpenAI Japan JV is created to sell 'Crystal Intelligence' to Japanese businesses.