Elon Musk claims SoftBank is defaulting on turbine orders, shares slide 10.83%

A single post on X tied SoftBank's energy arm to unpaid turbine orders as Stargate financing faces fresh scrutiny Elon Musk has accused SoftBank of defaulting on its turbine orders. Tokyo traders did not wait for a second source. SoftBank Group shares fell 10.83% during Tokyo trading after the November 6, 2026 post on X. The claim lands at an awkward moment for the Stargate AI project, the joint venture SoftBank shares with OpenAI and Oracle. “SoftBank is defaulting on their turbine orders.” That is the entire allegation. No details of any default have been confirmed. What Musk is pointing at The turbines in question were reportedly gas turbines ordered by SB Energy, SoftBank’s US energy subsidiary. These are the heavy machines that turn natural gas into electricity at industrial scale. SB Energy’s turbine orders are tied to an upcoming natural-gas facility planned for Ohio, sized at roughly 9.2 GW. Timing makes these orders especially sensitive. Lead times for turbine deliveries can stretch up to seven years in today’s supply-constrained market. A rough week for Stargate Musk’s post did not arrive in a vacuum. It came alongside the reported auction of approximately $500 million in...