SoftBank CEO Masayoshi Son (left) and SpaceX CEO Elon Musk (right) ... The the SoftBank group saw net income in the range of $3-5 billion over the past few years, ...

The company’s strategy is to raise money via a fundraising round and separately hold a tender offer to allow employees to ...

Sam Altman’s OpenAI has raised $40 billion in a funding round led by investment giant SoftBank as it looks to stave off competition like Elon Musk’s xAI and China-based DeepSeek.

Elon Musk’s privately held rocket company SpaceX raised around $1.16 billion via equity funding over the last two months per SEC filings, with the company now reportedly being valued at $74 billion.

SpaceX announced the Starlink project in 2015 with a stated purpose to meet underserved areas of the globe. At the time, Musk said: ... Hughes Network Systems, and SoftBank Group.

SoftBank is in talks to invest up to $25 billion in OpenAI, which could value it around $300 billion. The deal could make OpenAI the joint-second most valuable tech company after SpaceX.

March 31 (Reuters) - OpenAI said on Monday it would raise up to $40 billion in a new funding round led by SoftBank Group (9984.T), opens new tab at a $300 billion valuation to advance AI research ...