Private shares too illiquid too risky too fake
Banks see the trap the herd still chases
🚨BREAKING: SoftBank tried to borrow $6 billion against its 13% OpenAI stock… to keep funding OpenAI
Banks said NO
They don’t believe OpenAI is worth $852 billion 💀 pic.twitter.com/SguYi39jmy
— NIK (@ns123abc) June 10, 2026
Factcheck:
Bloomberg reports SoftBank’s push for a margin loan backed by its ~13% OpenAI stake stalled. They cut the target from $10B to at least $6B after creditor hesitation; talks for the lower amount have now paused.
OpenAI’s March 2026 round closed at $852B post-money (SoftBank one of the big backers).
No sources say banks flat-out rejected it over “fake valuation.” Main issues appear to be pricing illiquid private shares for collateral + general lender caution on big margin loans. SoftBank is exploring other funding options and could revisit later.
The screenshot in the post matches the June 10 Bloomberg piece.