Stargate — the massive infrastructure project to build data centers for OpenAI in the U.S. — lacks a fully developed plan and hasn’t secured funding yet, according to a report from the Financial Times.
Backed by OpenAI, SoftBank, Middle East AI fund MGX, and others, Stargate would funnel around $100 billion — and upward of $500 billion — into data centers to support OpenAI’s AI workloads. However, SoftBank and OpenAI each will only commit more than $15 billion to the project to start, per the report. They and Stargate’s other backers hope to raise a combination of equity from existing investors and debt to reach the project’s lofty goals.
Billionaire and the head of President Donald Trump’s DOGE advisory commission, Elon Musk, has criticized Stargate on social media in recent days, claiming that the project doesn’t have the money it says it does. His comments are said to have raised the ire of top White House aids, despite Trump’s efforts to downplay them.
We’re reached out to OpenAI for comment and will update this post if we hear back.