SoftBank CFO denies Musk's claim of turbine order default: 'Completely incorrect'

November 10: SoftBank Chief Financial Officer Yoshimitsu Goto today responded to Elon Musk's claim that SoftBank is defaulting on its turbine orders. On November 6, Musk posted on X saying "SoftBank is defaulting on their turbine orders." During the analyst Q&A, someone asked SoftBank to comment on this. Goto said: "We are completely unclear what his intention is, but this statement is completely incorrect. There is no such default." He also said the company is still advancing AI infrastructure construction as planned.

This statement is consistent with earlier remarks by GE Vernova CEO Scott Strazik. According to his previous account, Morgan Stanley had asked GE Vernova whether it had seen turbine order counterparties facing procurement cancellations or financing difficulties. Strazik answered "no," and said he had not seen any cases of customer financing disruption, requests to exit turbine reservations, or slowdowns in progress.