SoftBank Group (9984) denies claims of unmet Musk turbine orders

SoftBank Group denied Elon Musk’s claim that it failed to fulfill turbine orders, with CFO Yoshimitsu Goto telling an earnings briefing on Feb. 10 that the assertion, posted on X on Feb. 6, is “not true at all” and that no such default occurred. Goto said SoftBank is reviewing how it procures equipment for AI data centers in advance, a process that booked losses from non-refundable reservation fees and contract-review costs. He added that the PORTS-Pike project in Ohio is not being discussed for downsizing, as SoftBank presses ahead with its AI infrastructure plans. The dispute matters because it pits the Japanese conglomerate’s AI buildout credibility against Musk’s public megaphone. Next, watch whether SoftBank discloses further reservation-fee write-downs and confirms turbine procurement terms tied to its U.S. AI data-center projects.