SoftBank Reduces OpenAI-Backed Margin Loan Target by 40%

Published on May 8, 2026

SoftBank Group’s previous ambitions for a $10 billion margin loan, backed , have faced significant hurdles. Lenders have expressed reluctance to accept the valuation of these shares as collateral, highlighting a disconnect between market expectations and financing possibilities.

The decision to cut the target to $6 billion marks a pivotal shift in SoftBank’s strategy. This reduction comes just two weeks after the initial proposal emerged, signaling growing skepticism among banks regarding OpenAI’s projected worth, even amid SoftBank’s substantial $852 billion valuation in its primary round.

This adjustment illustrates the broader challenges in securing financing against high-profile tech investments. The reluctance from lenders suggests that confidence in tech valuations is wavering, and the gap between perceived market value and actual lending potential is widening.

The implications are significant for both SoftBank and the tech ecosystem. A reduced loan target may limit SoftBank’s ability to leverage its investments, potentially impacting future funding for innovative projects reliant on OpenAI’s technology.

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