Musk Says SoftBank Is Defaulting on Turbine Orders as Shares Fall 10.83%

Elon Musk accused SoftBank of defaulting on turbine orders in a Nov. 6 post on X, while SoftBank Group shares fell 10.83% during Tokyo trading that day.

“SoftBank is defaulting on their turbine orders,” Musk wrote. He gave no details about the alleged default, which has not been confirmed.

SoftBank is involved in Stargate, an AI project with OpenAI and Oracle that launched in January 2025. The project was introduced with a roughly $500 billion headline figure. Musk did not say whether the turbine orders were connected to Stargate.