According to MoneyDJ, Elon Musk alleged on November 6 that SoftBank faced defaults on turbine orders for its U.S. AI data center projects. The claim, posted on X, reignited questions about the funding capacity behind the Stargate initiative, a joint project involving OpenAI, SoftBank, and Oracle. Separately, Dutch bank ING is seeking buyers for approximately $500 million in data center loans, including $25 million in debt related to the Stargate project in New Mexico, according to CNBC citing Bloomberg. SoftBank's credit default swap spread reached 466 basis points on November 6, marking the highest level since October 2022 and reflecting elevated market concerns over its credit risk.

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