SoftBank CFO Says Musk’s Turbine Default Claim Is Incorrect

SoftBank Chief Financial Officer Yoshimitsu Goto rejected Elon Musk’s accusation that the company had defaulted on turbine orders, saying the claim was wrong as its AI infrastructure work continues on schedule.

Musk’s Nov. 6 allegation appeared in a post on X. An analyst asked SoftBank to respond, and Goto addressed the claim on Nov. 10, denying a default and saying construction of the company’s AI infrastructure remained on schedule.

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

GE Vernova CEO Scott Strazik had earlier said he had not seen customers face financing interruptions, try to exit turbine reservations or slow progress. He made those comments in response to a question about possible turbine cancellations and financing difficulties.