Archive · 1 Sep 2026
SB Energy Files for IPO Amid Nvidia-Backed OpenAI Expansion
SB Energy wants to sell shares to the public through an IPO.
It plans to list those shares on Nasdaq under the symbol SBE.
The company is working on large data centres that could power artificial-intelligence systems.
OpenAI is expected to be an important customer and investor.
Nvidia has committed financing connected to an OpenAI data-centre project that SB Energy will build in Ohio.
However, SB Energy did not yet have an operating data centre when it filed.
The company lost about $3.2 billion in the first half of 2026 while investing in its plans.
It also warned that financing problems, new technology, government rules and local opposition could make the projects harder to complete.
SB Energy filed with the U.S. Securities and Exchange Commission to list on Nasdaq and Nasdaq Texas under ticker SBE.
The company has not disclosed the IPO’s size or pricing, while The Wall Street Journal reported it could seek $5 billion to $7 billion.
SB Energy is preparing to build an OpenAI data-centre project in Ohio linked to Nvidia’s reported $105 billion financing commitment.
None of SB Energy’s data centres were operational at the filing date, and its data-centre business had generated no revenue.
The company reported a roughly $3.2 billion first-half 2026 net loss and warned about financing, regulatory, technological and community risks.
- Who
- SB Energy, backed by SoftBank, OpenAI and Nvidia, is pursuing the IPO.
- What
- The company filed to go public while expanding into AI data-centre infrastructure.
- When
- The filing was made before the article’s publication; The Wall Street Journal reported trading could begin as soon as this month.
- Where
- SB Energy plans to list on Nasdaq and Nasdaq Texas, and will build an OpenAI data-centre project in Ohio.
- Why
- The company is seeking capital to develop data-centre campuses and support its AI infrastructure expansion.
- Planned ticker
- SBE
- Planned exchanges
- Nasdaq and Nasdaq Texas
- Potential IPO size
- The Wall Street Journal reported a possible $5 billion to $7 billion offering; SB Energy has not confirmed the amount.
- OpenAI project
- SB Energy is expected to build an OpenAI data-centre project in Ohio.
- Nvidia financing
- Nvidia committed $105 billion in financing for the OpenAI data-centre project, according to the article.
- First-half 2026 net loss
- Approximately $3.2 billion
- First-half 2026 revenue
- Approximately $139 million, primarily from legacy energy operations