2026-06-20 softbank
SoftBank Cashes Out of Boston Dynamics for $325M and Moves the Money Toward OpenAI
Per Reuters citing a Korean paper, SoftBank is exercising a put option from 2021 to sell its remaining roughly 9.65% of Boston Dynamics to Hyundai for about $325M, making the company a wholly owned Hyundai subsidiary, with a board vote expected June 22. The real signal is not that SoftBank has soured on humanoid robots. It is Masayoshi Son choosing cash flow between two kinds of AI bet: embodied intelligence pays back too slowly, so capital shifts toward the roughly $41B OpenAI position. The read for builders and founders is in the piece.
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