Report says SoftBank is discussing a majority stake in 1X
Reuters relayed an unconfirmed report that SoftBank was discussing a majority stake in 1X at an indicative valuation of about US$6 billion; no agreement had been announced.
Why it matters
The report signals potential strategic interest at a material valuation, but treating talks as unconfirmed avoids contaminating 1X's funding, ownership and valuation history with an unfinished transaction.
Evidence notes
- The Information attributed the talks to people familiar with the matter, and Reuters said it could not independently confirm the report.
- SoftBank declined to comment and 1X did not immediately respond to Reuters.
- No agreement had been announced, and the reported terms remained subject to change.
Company context
1X is a humanoid robotics company developing NEO, a soft, tendon-driven home robot designed for safe interaction in everyday environments. OpenAI Startup Fund led a 1X funding round in 2023. Formerly known as Halodi Robotics (rebranded in 2023).