SoftBank invested $41 billion into OpenAI.
Then tried to borrow $10 billion against that stake.
Banks said that’s too much.
Cut it to $6 billion.
Banks still said no.
SoftBank shares dropped nearly 10% this morning. 
The banks don’t believe OpenAI is worth $852 billion.
The same OpenAI losing $14 billion a year.
That just filed for a $1 trillion IPO.
SoftBank needed the loan to keep funding OpenAI.
To fund the company they already own 13% of.
With money borrowed against the stake they already own.
Masayoshi Son previously lost $70 billion on WeWork.
Called it the most valuable company in the world.
The banks remember WeWork.
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