Startups2 min read
SoftBank's $40B Unsecured Loan from JPMorgan and Goldman Points Directly to a 2026 OpenAI IPO
Wall Street's two most influential investment banks are extending a $40 billion, 12-month unsecured loan to SoftBank. The structure — large, short-term, uncollateralized — is a bridge loan built for a specific anticipated exit: the OpenAI public offering expected before the end of 2026.