SoftBank Secures Record $40B Unsecured Loan from JPMorgan and Goldman Sachs, Signaling 2026 OpenAI IPO

TechCrunch / Bloomberg·high signal

SoftBank took on a $40B unsecured, 12-month bridge loan from JPMorgan Chase, Goldman Sachs, and four Japanese banks to cover its $30B commitment to OpenAI's record $110B raise. The short-term, unsecured structure strongly signals that lenders believe a major OpenAI liquidity event — specifically an IPO that would be one of the largest listings ever — will occur within the 12-month repayment window. This is the largest unsecured bridge loan in history for a single private company investment.