Stargate LLC (joint venture) (infrastructure joint-venture equity formation, 2025-01-21) → Stargate LLC (joint venture — OpenAI/SoftBank/Oracle/MGX) (datacenter construction (JV entity — umbrella receiver of committed capital; specific sites e.g. Crusoe's Abilene campus are tracked separately at the facility level in research/q3-datacenter-census/attribution.yaml and may overlap with this JV's own buildout))

$52.0B — OpenAI and SoftBank each committed $19B (40% ownership each); Oracle and MGX each contributed $7B; sum $52B initial JV capital

high confidence · as of 2025-01-21 · about Stargate LLC joint venture openai softbank oracle mgx

Sourced figures 1

Wikipedia, "Stargate LLC" (citing The Information and the Wall Street Journal) Softbank and OpenAI have each committed $19 billion of capital to initially fund Stargate and would each hold 40% ownership interest, while Oracle and MGX would each contribute $7 billion
2025-01-21 high

the working

Basis

$52.0B — OpenAI and SoftBank each committed $19B (40% ownership each); Oracle and MGX each contributed $7B; sum $52B initial JV capital

Hypothesized recipients 3

This claim's own source names no external recipient. Separate public reporting suggests some of who the money likely went to — not confirmed, not summed into the total above.

Stargate LLC (joint venture — OpenAI/SoftBank/Oracle/MGX) (datacenter construction (JV entity — umbrella receiver of committed capital; specific sites e.g. Crusoe's Abilene campus are tracked separately at the facility level in research/q3-datacenter-census/attribution.yaml and may overlap with this JV's own buildout)) → Bloom Energyhypothesis
Oracle agreed to purchase up to 2.45GW of Bloom solid-oxide fuel cells for the New Mexico Stargate/Project Jupiter site; no dollar figure disclosed, and the project is reportedly stalled after New Mexico's State Land Office denied a needed gas-pipeline application.
Stargate LLC (joint venture — OpenAI/SoftBank/Oracle/MGX) (datacenter construction (JV entity — umbrella receiver of committed capital; specific sites e.g. Crusoe's Abilene campus are tracked separately at the facility level in research/q3-datacenter-census/attribution.yaml and may overlap with this JV's own buildout)) → Foxconnhypothesis
$375.0M — Foxconn sold its 6.2M sq ft former Lordstown Assembly plant to a SoftBank-affiliated buyer ('Crescent Dune LLC') for $375M, then leases it back to manufacture Stargate data center equipment; Shimizu North America LLC is the contractor starting construction there.
Stargate LLC (joint venture — OpenAI/SoftBank/Oracle/MGX) (datacenter construction (JV entity — umbrella receiver of committed capital; specific sites e.g. Crusoe's Abilene campus are tracked separately at the facility level in research/q3-datacenter-census/attribution.yaml and may overlap with this JV's own buildout)) → Shimizu North America LLChypothesis
Contractor starting construction at the Lordstown, Ohio Stargate equipment-manufacturing site.

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