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Tesla CEO Elon Musk has voiced doubts over the financial feasibility of President Donald Trump’s $500 billion Stargate project, unveiled Tuesday. The initiative aims to establish an advanced artificial intelligence (AI) infrastructure in the U.S. through collaboration with tech giants like OpenAI, Oracle, SoftBank, and Microsoft.
Musk responded critically on his platform, X, claiming, “They don’t actually have the money,” and accusing SoftBank of having "well under $10B secured." His remarks challenge the project’s initial $100 billion funding, which is expected to grow to $500 billion by 2029.
OpenAI CEO Sam Altman defended the project, asserting that its funding is secure and emphasizing its national benefits. Altman replied to Musk, stating, "This is great for the country... I hope you’ll mostly put the US first."
The Stargate project, starting in Abilene, Texas, aims to build multiple data centers, create over 100,000 jobs, and enhance the U.S.'s AI capabilities. According to The Information, SoftBank and OpenAI have committed $19 billion each to the initiative.
Musk’s critique has sparked a public debate about the ambitious plan’s practicality and funding transparency. Meanwhile, supporters argue that the project represents a significant step forward in cementing the U.S.'s position as a global AI leader.
