PANews|Aug 27, 2026 01:50
[SoftBank in Talks to Acquire Majority Stake in Humanoid Robot Manufacturer 1X at $6 Billion Valuation]
According to Jintou citing *The Information*, insiders revealed that SoftBank is in discussions to acquire a majority stake in the startup 1X Technologies, a humanoid robot development company backed by OpenAI. This transaction would value the company at approximately $6 billion. The investment will support SoftBank's ambitions in the robotics field while providing 1X with additional funding to bring its flexible-body-design robots into consumer households, assisting users with household chores. The 12-year-old startup attempted to raise $1 billion at a $10 billion valuation last fall but reportedly only raised less than half of its target. SoftBank CEO Masayoshi Son has long been an investor and owner of robotics developers.
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