Elon Musk Calls SoftBank’s Masayoshi Son ‘Overleveraged’ As $16 Billion AI Loan Fuels Debate About Viability Of OpenAI’s Stargate Project

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk criticized SoftBank Group (OTC:SFTBF) CEO Masayoshi Son as “already overleveraged” on Sunday, reigniting concerns about funding for the ambitious Stargate AI project.

What Happened: Musk’s comments on X came in response to reports that SoftBank is in talks to secure a $16 billion loan for AI investments, with an additional $8 billion potentially being sought in early 2026, according to The Information.

The exchange highlights ongoing tensions surrounding Project Stargate, a $500 billion joint venture between OpenAI, Oracle Corp. (NYSE:ORCL), and SoftBank announced by President Donald Trump in January. The initiative aims to build …

Full story available on Benzinga.com