The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← OpenAI

SB Energy → OpenAI

$5.5B (estimate) — Quartz, summarising draft IPO documents reviewed by The Wall Street Journal, reported on 31 August 2026 that SB Energy issued OpenAI stock warrants with an estimated value of USD 5.5 billion as an incentive to bring OpenAI on as a tenant; the warrants were valued at USD 3.6 billion when issued in January 2026.

high confidence · as of 2026-01-01T00:00:00Z · about OpenAI

$5.5B (estimate) — Quartz, summarising draft IPO documents reviewed by The Wall Street Journal, reported on 31 August 2026 that SB Energy issued OpenAI stock warrants with an estimated value of USD 5.5 billion as an incentive to bring OpenAI on as a tenant; the warrants were valued at USD 3.6 billion when issued in January 2026.

Sourced figures 1


the working

Basis

$5.5B (estimate) — Quartz, summarising draft IPO documents reviewed by The Wall Street Journal, reported on 31 August 2026 that SB Energy issued OpenAI stock warrants with an estimated value of USD 5.5 billion as an incentive to bring OpenAI on as a tenant; the warrants were valued at USD 3.6 billion when issued in January 2026.

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to OpenAI.