# SoftBank takes $3.7 billion hit after over-ordering turbines for AI data centers

> HelixNews · Web page: https://helixnews.one/story/1396856 · All pages for agents: https://helixnews.one/llms.txt

3 outlets covering · First listed: Crypto Briefing, Nov 11, 2026, 4:18 PM · Read it: <https://cryptobriefing.com/softbank-writedown-ai-turbine-over-ordering/>

SoftBank's financial setback highlights the risks of overestimating infrastructure needs in rapidly evolving tech sectors like AI.

## Who's covering it

In the order they published:

- Nov 10, 2026, 9:30 AM: [Elon Musk was half right in his comment last week about SoftBank backpedaling on a gas-turbine order](<https://www.marketwatch.com/story/elon-musk-was-half-right-in-his-comment-last-week-about-softbank-back-pedaling-on-a-gas-turbine-order-c293d335?mod=mw_rss_topstories>) — MarketWatch (Business & finance, United States)
  Elon Musk in a social-media post last week said that SoftBank “defaulted” on a gas-turbine order. The truth, revealed Tuesday in the Japanese’s investment company’s second-quarter earnings, wasn’t far off.
- Nov 11, 2026, 1:10 PM: [SpaceX plans massive $24 billion gas-powered Texas data center — application for 35 natural gas turbines and a capacity of 748 megawatts comes despite rising opposition in the state](<https://www.techradar.com/pro/spacex-plans-massive-usd24-billion-gas-powered-texas-data-center-application-for-35-natural-gas-turbines-and-a-capacity-of-748-megawatts-comes-despite-rising-opposition-in-the-state>) — TechRadar (Digital news, United Kingdom)
  SpaceX plans a $24 billion AI complex supported by 35 gas turbines generating 748 MW amid opposition and permitting concerns.
- Nov 11, 2026, 4:18 PM: [SoftBank takes $3.7 billion hit after over-ordering turbines for AI data centers](<https://cryptobriefing.com/softbank-writedown-ai-turbine-over-ordering/>) — Crypto Briefing (Specialist)
  SoftBank's financial setback highlights the risks of overestimating infrastructure needs in rapidly evolving tech sectors like AI.