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- Musk Alleges SoftBank Turbine-Order Defaults as Stargate Financing Questioned
Elon Musk said on X on November 6 that SoftBank is defaulting on turbine orders, but he provided no evidence or details about the affected orders, according to TechNews. TechNews also reported that ING is seeking buyers for about $500 million in data-center loans, some tied to Stargate projects, while noting that the sale could be routine capital allocation rather than a sign of distress.
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