According to Bloomberg and Benzinga reports, Elon Musk accused SoftBank of defaulting on turbine orders on November 6, raising fresh concerns about the company's ability to fund AI infrastructure projects. Simultaneously, Dutch bank ING is seeking to divest approximately $500 million in data center loans, including $25 million in debt tied to the New Mexico Stargate project involving OpenAI, SoftBank, and Oracle.

SoftBank's credit default swap spread surged to 466 basis points on November 6, marking the highest level since October 2022 and reflecting heightened market concerns about the company's credit risk amid the expanded AI data center investment scale.

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