The stadium hosted Super Bowl LVI in 2022, the 2023 College Football Playoff National Championship, WrestleMania 39, and the 2023 CONCACAF Gold Cup final.

It is scheduled to host eight matches during the 2026 FIFA World Cup,[19] Super Bowl LXI in 2027, and the opening ceremony and swimming events for the 2028 Summer Olympics.

[21] The canopy has 27,000 embedded LED pucks, which can display images and video that can also be seen from airplanes flying into Los Angeles International Airport.

[25] Another component of the stadium's design is the Infinity Screen by Samsung, an ovular, double-sided 4K HDR video board, the first of its kind, that is suspended from the roof over the field.

In May 1995, after the departure of the Rams for St. Louis, the National Football League team owners approved, by a 27–1 vote with two abstentions, a resolution supporting a plan to build a $200 million, privately funded stadium on property owned by Hollywood Park for the Los Angeles Raiders.

[34] On January 31, 2014, the Los Angeles Times reported that Stan Kroenke, owner of the St. Louis Rams, purchased a 60-acre (24 ha) parcel of land just north of the Hollywood Park site in the area that had been studied by the National Football League in the past for the 1995 Raiders proposal and that the league at one point attempted to purchase.

[40] On January 5, 2015, Stockbridge Capital Group, the owners of the Hollywood Park Land Company, announced that it had partnered with Kroenke Sports & Entertainment to add the northern 60-acre (24 ha) parcel to the rest of the development project and build a multi-purpose 70,240-seat stadium designed for the NFL.

The previously approved Hollywood Park development was reconfigured to fit the stadium, and included plans for up to 900,000 square feet (84,000 m2) of retail, 800,000 square feet (74,000 m2) of office space, 2,500 new residential units, a luxury hotel with over 300 rooms, 25 acres (10 ha) of public parks, playgrounds, open space, a lake, and pedestrian, bicycle, and mass-transit access for future services.

[36][43] On February 24, 2015, the Inglewood City Council approved plans with a 5–0 unanimous vote to combine the 60-acre (24 ha) plot of land with the larger Hollywood Park development and rezone the area to include sports and entertainment capabilities.

On February 19, 2015, the Oakland Raiders and the San Diego Chargers announced plans for a privately financed $1.85 billion stadium that the two teams would have built in Carson if they were to move to the Los Angeles market.

[52] On October 19, 2016, the Federal Aviation Administration (FAA) determined that a 110-foot (34 m) tall LB 44 rotary drill rig would not pose a hazard to air navigation, so it approved the first of several pieces of heavy equipment to be used during construction.

The stadium design had been under review by the FAA for more than a year because of concerns about how the structure would interact with radar at nearby Los Angeles International Airport (LAX).

[53] On December 16, 2016, it was reported in Sports Business Journal that the FAA had declined to issue permits for cranes needed to build the structure.

[54] The FAA had previously recommended building the stadium at another site because of the risks posed to LAX—echoing concerns raised by former United States Secretary of Homeland Security Tom Ridge.

[65] As of August 2019, one year before the planned opening, Rams chief operating officer Kevin Demoff stated that the stadium was 75 percent complete.

[66] In January 2020, Demoff announced that construction was 85 percent complete, with roof and oculus work, as well as seat installation, still in progress.

[68][69] Amidst the COVID-19 pandemic and stay-at-home orders issued by the California state government in March 2020, construction (exempted as a critical infrastructure project) continued with social distancing and heightened health and safety standards.

[72][73] On June 5, 2020, construction on the facility was temporarily halted after an ironworker fell to his death through a hole in the roof created by the removal of a panel for maintenance.

A week later, the Los Angeles Chargers would hold their first regular season game at the stadium with fans in attendance, though they would fall to the Dallas Cowboys 20–17 before a crowd of 70,240.

[83][84][85] On May 2, 2021, the stadium hosted its first major event with spectators present, the filming of the Global Citizen-organized concert special Vax Live: The Concert to Reunite the World, hosted by Selena Gomez and featuring Jennifer Lopez, Eddie Vedder, the Foo Fighters, H.E.R., J Balvin, and the Duke of Sussex, which aimed to promote COVID-19 vaccination.

Mexican regional music group Los Bukis kicked off their reunion tour on August 27 and 28, filling the stadium to capacity.

The stadium hosted City Year Los Angeles Spring Break Fundraiser on May 4, 2024, with a performance by John Legend.

But internal league documents, produced by the NFL in March 2018, indicated a need to raise the debt ceiling for the stadium and facility to a total of $4.963 billion, making it by far, the most expensive sports venue ever built.

[100] The St. Louis Rams were first to commit to moving to the stadium, as NFL approval for their relocation to Los Angeles was obtained on January 12, 2016.

Both teams would contribute a $200 million stadium loan from the NFL and personal seat license fees to the construction costs and would pay $1 per year in rent to the facility's controlling entity, StadCo LA, LLC.

[102][103][4] The same day, Chargers chairman and CEO Dean Spanos announced the team would remain in San Diego for the 2016 NFL season, while continuing to work with local government on a new stadium.

[105][106] The Chargers exercising of their option led the Raiders to move to Las Vegas, Nevada, instead, and they began play at Allegiant Stadium in 2020.

The Los Angeles City Council approved the bid after private businesses showed support and offered to pay hosting costs.

[citation needed] The city of Inglewood and Los Angeles Metro began talks to build an 1.6 miles (2.6 km) automated people mover line that would connect the Downtown Inglewood K Line station with SoFi Stadium, as well as the Forum and Intuit Dome, the Los Angeles Clippers basketball arena just south of the Hollywood Park site.

The Inglewood Transit Connector would be operated by the city, in conjunction with Metro, and was planned to open in 2027, one year prior to the 2028 Summer Olympics in Los Angeles.