SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports
SoftBank is reportedly in discussions to acquire a controlling stake in humanoid robot maker 1X Technologies, with the deal potentially valuing the company at around $6 billion, according to The Information. The Information's sources, who were familiar with the negotiations, reported the potential deal, though Reuters was unable to independently verify the information at the time of publication.
SoftBank and 1X have not yet commented on the ongoing talks, which could potentially change, the report suggested. Earlier this year, OpenAI and 1X had explored the idea of OpenAI acquiring 1X, it was further reported. In 2023, OpenAI had invested in 1X through its OpenAI Startup Fund, alongside investments from Tiger Global and Norwegian investors.
The potential SoftBank deal adds to SoftBank's growing interest in robotics, following their acquisition of Swiss engineering firm ABB's robotics division for $5.4 billion last year.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports channelnewsasia.com
- Sources: SoftBank is in talks to buy a majority stake in humanoid robot maker 1X at a $6B valuation; 1X sought $1B at a $10B valuation in 2025, but raised <50% (The Information) theinformation.com
- SoftBank in talks to buy stake in 1X at US$bil valuation nst.com.my
