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WeWork's fall from grace may be far from over.

Just a few weeks ago it was due to hold a multibillion dollar IPO.

That got pulled as its valuation tumbled. Now the shared office space company could come under the full control of SoftBank.

A Reuters source says the Japanese investor is set to up its stake as part of a restructuring.

It's expected to put in an extra billion dollars on top of earlier investments.

Without the money WeWork could run out of cash in late December, the source says.

WeWork lost nearly two billion dollars in 2018, and burned through even more than that in the first half of this year.

That hasn't slowed it down.

Reuters analysis shows WeWork actually stepped up the pace of new office openings in recent months.

But change could be coming, with or without SoftBank.

WeWork founder Adam Neumann was ousted last month.

The firm's new bosses want to refocus on the core business of shared office spaces.

Fringe activities - like its WeGrow private school in New York - face the chop.