SoftBank's Bold Move to Fund the Stargate Project
SoftBank Corp. is reportedly in discussions to secure a loan of up to $18.5 billion. This significant financial maneuver aims to fund the colossal $500 billion Stargate Project, as announced by United States President Donald Trump. The Information, citing sources, revealed this development on Tuesday.
Masayoshi Son's Visionary Investment
Masayoshi Son, the CEO of SoftBank, has ambitious plans to invest as much as $40 billion into the project and OpenAI. To facilitate this, he intends to use SoftBank's publicly listed assets as collateral for the potential loan. This strategy underscores the company's commitment to pioneering advancements in technology and artificial intelligence.
Arm Holdings plc as Collateral
In a strategic move, SoftBank, which holds the majority of Arm Holdings plc, a leading chip designer, plans to use its shares as collateral. This could finance up to $15 billion in loans, according to one source. This approach not only highlights the value of Arm Holdings but also SoftBank's innovative financial strategies to support groundbreaking projects.
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