Prof G Markets · Monday, September 28, 2026
SB Energy, a data center company, has delayed its IPO after failing to secure buyers at a $50 billion valuation. Analysts pointed to its declining revenue of $214 million (down 8%) and zero operating data centers as reasons for the market's rejection, likening the valuation to '234 times sales'.
“And this company had no business going public.”
“214 million revenue down 8%.”
“They want to go out at 234 sales for a company that's revenues are declining.”
“Zero operating AI data centers. This is just ridiculous.”