SoftBank Group Corp. is in advanced discussions to acquire a majority stake in 1X Technologies, a Norwegian humanoid robotics startup, according to a report by The Information citing people familiar with the matter.
The potential deal, which could be valued at approximately $6 billion, would mark one of the largest investments in the emerging humanoid robotics sector. SoftBank had previously considered acquiring 1X before OpenAI, a major SoftBank investee, explored similar plans and ultimately opted against pursuing the transaction.
1X Technologies has gained attention for its NEO humanoid robot, a bipedal machine designed for both industrial and consumer applications. The company has stated it has secured more than 10,000 orders for the NEO, signaling strong early demand for its technology. The startup specializes in developing robots capable of performing tasks in dynamic environments, positioning it at the forefront of the humanoid robotics industry.
A definitive agreement has not yet been finalized, and terms remain subject to change as negotiations progress. SoftBank declined to comment on the reported talks.
