SB Energy delayed its IPO in late September 2026 after bankers failed to find buyers at a $50 billion valuation, the New York Times reported. The company has zero data centers in operation and less than a tenth under construction, and it filed its prospectus in early September. Reporting now puts a possible listing in December or next year. The pullback has widened: Holtec Nuclear postponed indefinitely and AgriCo delayed its timeline. Whether this is a repricing or a retreat remains open.