Investing / Business
Add as a preferred source on GoogleSoftBank is part of Stargate with OpenAI and Oracle, but Musk did not tie the post to that AI initiative.
SoftBank Group shares fell 10.83% in Tokyo on Friday. Elon Musk’s X post alleged a default on turbine orders but identified no specific order.
Musk wrote on X, “SoftBank is defaulting on their turbine orders.” The allegation has not been confirmed.
SoftBank participates in Stargate alongside OpenAI and Oracle. The AI initiative began in January 2025. Musk did not say the turbine-order claim involved the project.
CBS News reported that Elon Musk gave more than $158 million in September to a Republican super PAC that sent the money to a group supporting Ken Paxton.
Trump framed his call to protect Musk around a hypothetical Democratic push to take control of SpaceX.
The 20 biggest donors gave roughly $2 billion through a mid-October filing cutoff, while AdImpact forecast $11.6 billion in political advertising.
