SoftBank Group is seeking a $10 billion margin loan secured by its stake in OpenAI, reports Bloomberg. The loan would last two years, with an option to extend for one more year, and the interest rate is about 7.88% per year at current rates. SoftBank did not comment.
The deal is still in progress, and the terms could change.
The $10 billion loan is just one part of SoftBank’s larger AI financing plan. Reports say SoftBank’s total commitments to OpenAI are now over $60 billion. This includes $30 billion for Vision Fund 2, a $40 billion bridge loan from earlier this year, and the new $10 billion margin loan.
SoftBank is also a key investor in the Stargate initiative, a $500 billion US AI infrastructure project announced in January 2026 with the Trump administration. With so much invested, SoftBank is now less of a regular investor and more of a highly leveraged bet on OpenAI’s future.
Over the past two years, SoftBank has sold its entire $5.8 billion stake in Nvidia, cut its $4.8 billion stake in T-Mobile US, and reduced staff to focus more on AI. The $10 billion margin loan is part of this plan.
The company is going all-in on one idea, using every available option to boost its exposure ahead of the expected IPO.
