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

Elon Musk said SoftBank has been defaulting on its gas turbine orders, sending the Japanese conglomerate’s shares down 10.83%. The claim ties SoftBank’s AI infrastructure buildout to delays in energy equipment procurement, exposing how sensitive markets have become to uncertainty in AI project timelines. The dispute matters because gas turbines are a bottleneck for powering data centers, and any slippage could push back long-term energy infrastructure investment. Watch for SoftBank’s response or confirmation of the order status, along with any updates on turbine delivery schedules and their knock-on effect on AI capacity plans.