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[SoftBank Shares Plunge Over 10% Amid OpenAI Competitors' Accelerated IPOs] (1) SoftBank Group shares fell sharply on Thursday after a recent surge, closing down 10.4% at ¥7,449 (approximately US$46.53), after falling as much as 11% during the day, as OpenAI's competitors push forward with their initial public offering (IPO) plans. (2) SoftBank's shares have more than doubled in the past two months, driven by growing AI demand and expectations of a potential OpenAI IPO; earlier this week, SoftBank announced a $52 billion data center project in France, further boosting the stock price. (3) However, OpenAI's competitors are also accelerating their IPOs: SpaceX plans to sell approximately $75 billion worth of shares in its June 12 IPO; Anthropic has secretly filed for an IPO, with a listing expected as early as this fall. These moves could make it easier for competitors to access the financing channels needed to build large-scale AI infrastructure.