SoftBank in talks to buy stake in humanoid developer 1X at US$6 billion valuation: report
The 1X deal builds on SoftBank’s broader push into robotics
SoftBank is reportedly engaged in talks to acquire a majority stake in humanoid robot developer 1X Technologies, a company backed by OpenAI. The deal, if completed, would reportedly value the startup at approximately US$6 billion, according to a report from The Information on August 26. The Information cited unnamed sources with knowledge of the potential acquisition.
SoftBank has been actively expanding its presence in robotics, having recently acquired ABB's robotics business for US$5.4 billion. The talks regarding 1X are ongoing, and the terms of the deal could potentially change. OpenAI had previously expressed interest in acquiring 1X last year, with both companies discussing the possibility of a takeover.
In addition to SoftBank's investment, OpenAI, Tiger Global, and a group of Norwegian investors backed 1X through its OpenAI Startup Fund in 2023.
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- 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
- SoftBank reportedly in talks to buy stake in 1X at $6B valuation seekingalpha.com
