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At a time when stocks in the artificial intelligence infrastructure sector were generally sold off and Japan's SoftBank Group stock price plummeted 10.8%, Elon Musk wrote on Friday that “SoftBank is defaulting on gas turbine orders.” Musk made the above remarks in response to a tweet from Katie Miller. Miller is a conservative podcast host who once worked as an advisor to Musk; her tweet recalled Musk's January 2025 claim that SoftBank lacked capital to finance the “Stargate” artificial intelligence project. Miller also retweeted a Bloomberg report about the processing of a $500 million data center loan in connection with the Stargate project. Musk did not provide any supporting material for his new accusations.
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At a time when stocks in the artificial intelligence infrastructure sector were generally sold off and Japan's SoftBank Group stock price plummeted 10.8%, Elon Musk wrote on Friday that “SoftBank is defaulting on gas turbine orders.” Musk made the above remarks in response to a tweet from Katie Miller. Miller is a conservative podcast host who once worked as an advisor to Musk; her tweet recalled Musk's January 2025 claim that SoftBank lacked capital to finance the “Stargate” artificial intelligence project. Miller also retweeted a Bloomberg report about the processing of a $500 million data center loan in connection with the Stargate project. Musk did not provide any supporting material for his new accusations.
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