DESK 2 — FILE OPEN
FOLDER K-0606CASE #2021-0606SHELF 4 / ROW C
CLOSED
BUREAU OF COMMERCIAL DEATHS
DIVISION OF COLD CASES / FORM 41-D / DEATH OF A GOING CONCERN
CASE NUMBER
CASE #2021-0606
SUBJECT
KATERRA, INC.
DATE OPENED
2015 — Menlo Park, California
DATE CLOSED
June 6, 2021
KNOWN ALIASES
SoftBank Vision Fund portfolio
INVESTIGATOR
Det. Redact
CAUSE OF DEATH
Subject industrialized construction in eight markets before completing one building at a profit.
PEAK VALUATION
$4,000,000,000 (January 2018); in excess of $2,000,000,000 invested
ASSETS RECOVERED
Factories sold; approximately 8,000 employees released
CLASSIFICATION — MARK ONE
FRAUD
NEGLIGENCE
✕HUBRIS
MARKET FORCES
UNKNOWN
EVIDENCE SUMMARY
Subject acquired a general contractor in order to guarantee demand for its own factory output.
Reported backlog stood at $4,000,000,000. Review identified cost overruns on the majority of projects.
Death followed fourteen months after a $200,000,000 rescue financing.
Remainder of statement sealed:
FILED BY Det. Redact · BADGE 0001NO FURTHER ACTION AUTHORIZED
PROPERTY OF THE BUREAUDO NOT REMOVE FROM ROOM 0114
MARGIN NOTE — INVESTIGATING OFFICER
Two billion dollars and almost nobody outside the trade noticed. I noticed. That is what the Division is for.
Built the factory first.
EVIDENCE TAG
ITEM K-0606
SUBJECT KATERRA, INC.
RECEIVED 2021
CONDITION AS FOUND
SUBJECT KATERRA, INC.
RECEIVED 2021
CONDITION AS FOUND