SoftBank Group (TYO:9984) is exploring project financing for its $500 billion Stargate AI venture with OpenAI, Bloomberg reported Tuesday, citing people familiar with the matter.
The plan would see SoftBank, OpenAI, Oracle, and Abu Dhabi's MGX contribute 10% in equity, with debt covering the rest.
The initiative, targeting AI data centers and power infrastructure, begins with a $100 billion investment. SoftBank may use preferred equity, mezzanine debt, and loans, though terms remain uncertain.
Rising competition from China's DeepSeek and Elon Musk's bid for OpenAI add uncertainty.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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