SoftBank · 2026-04-30 · major
SoftBank Plans Roze — $100B AI-and-Robotics Spinout to Build Data Centers, Targeted for US IPO This Year
Per FT, SoftBank is bundling ABB Robotics with energy and land assets into a new spinout called Roze, with Masayoshi Son targeting a US listing in the second half of 2026 at a $100B valuation. Internal pushback on the timeline.
SoftBank plans to spin ABB Robotics, energy assets, and land into a single AI-data-center construction company called Roze, with a $100B US IPO target.
Key specs
| Target valuation | $100B |
|---|---|
| Listing window | 2H 2026 |
| Stargate commitment | $500B |
| Open ai commitment | $30B+ |
What is it?
Roze is a planned SoftBank spinout, first reported by the Financial Times. It would bundle the ABB Robotics business SoftBank acquired in 2025 with existing energy and land holdings into a single company focused on building AI data centers — and list publicly in the United States. Masayoshi Son is driving the plan personally.
How does it work?
The thesis is that AI's bottleneck has moved from chips to physical buildout: power, land, and the labor to assemble server farms. Roze would deploy autonomous robots from the ABB stack to accelerate construction, then sell that capacity into Son's broader bets — the $500B Stargate initiative and $30B+ in existing OpenAI commitments. Some SoftBank executives are reportedly skeptical of the $100B target and the in-2026 timeline given Middle East geopolitics.
Why does it matter?
If Roze prices anywhere near $100B, it's one of the largest AI-adjacent IPOs ever and shifts the public-markets thesis from 'buy chips' to 'buy the people who build the buildings the chips go in'. It also gives SoftBank a third leg — alongside chip stakes and OpenAI exposure — for monetizing the AI infrastructure boom.