# SoftBank Is Betting Its OpenAI Shares on an IPO. Now It Is Stacking Debt on Top.

- slug: softbank-is-betting-its-openai-shares-on-an-ipo-now-it-is-stacking-debt-on-top
- date: 2026-04-23
- category: Artificial Intelligence

SoftBank is seeking a $10B margin loan backed by its OpenAI shares — the first time Son has put the actual equity at risk of transfer, not just cash.

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