
President Donald Trump stood at the White House podium on January 21, 2025, flanked by OpenAI’s Sam Altman, Oracle’s Larry Ellison, and SoftBank’s Masayoshi Son. He called it the largest AI infrastructure project in history. Stargate LLC would pour $500 billion into U.S. data centers over four years, starting with $100 billion right away. The crowd cheered promises of 100,000 jobs and American AI dominance.
Big talk. Reality hit differently.
Six months later, The Wall Street Journal reported no deals signed. SoftBank and OpenAI aimed small: one modest Ohio data center by year-end. Tariffs loomed. Investors balked. Masayoshi Son, Stargate’s chairman, faced questions on SoftBank earnings calls. CFO Yoshimitsu Goto admitted delays—no shovels in the ground despite the $100 billion pledge.
And then. Partners clashed.
By summer 2025, The Information detailed a three-way fight. OpenAI wanted control. Oracle pushed cloud dominance. SoftBank demanded financial say. The joint venture hired no one. Built nothing. OpenAI scrambled elsewhere—CoreWeave deals, Microsoft expansions. Stargate shelved.
But OpenAI didn’t quit. Altman pivoted.
From Standoff to Sprawl: Data Centers Rise
July 2025. OpenAI and Oracle announced 4.5 gigawatts more capacity. Abilene, Texas—Stargate’s flagship—saw parts operational. Construction hummed on a 1-gigawatt campus, set for 450,000 NVIDIA GB200 GPUs by mid-2026, per Data Center Dynamics.
September 23, 2025. Game on. OpenAI, Oracle, SoftBank unveiled five new sites: Shackelford County, Texas; Doña Ana County, New Mexico; Lordstown, Ohio; Milam County, Texas; undisclosed Midwest spot. Total: nearly 7 gigawatts. Over $400 billion committed. Ahead of the full $500 billion, 10-gigawatt target by end-2025, OpenAI said. Reuters confirmed the push, noting SoftBank’s role in Ohio and Texas builds.
WIRED called it a boost equivalent to seven nuclear reactors’ power. Bloomberg pegged investments at $400 billion. Ground broke in Milam County by October.
Compromises fueled progress. OpenAI leased and designed facilities. SoftBank’s SB Energy owned and powered them. Oracle handled three sites. Tensions eased into bilateral deals.
January 2026. OpenAI and SoftBank dropped $1 billion into SB Energy. For what? A 1.2-gigawatt Milam County center. SB Energy co-CEO Rich Hossfeld said it accelerates “advanced AI data center campuses and associated energy infrastructure at the scale required to advance Stargate.” OpenAI’s announcement tied it to the White House pledge. CNBC noted SoftBank’s growing OpenAI stake—$41 billion by December 2025.
February 2026 hiccup. The Information resurfaced: Stargate stalled again over control. But reports clarified progress. Ground broken. Compromises struck. OpenAI’s compute chief Sachin Katti tweeted Stargate as an “umbrella brand”—diversified across NVIDIA, AMD, Broadcom, clouds like AWS. Exited 2025 with 2 gigawatts available.
Power. The real choke point.
Stargate sites demand gigawatts—like powering millions of homes. Texas leads: Abilene, Shackelford, Milam. Ohio’s Lordstown eyes 1.5 gigawatts in 18 months. New Mexico and Midwest follow. SB Energy’s solar, batteries integrate. Wikipedia logs Stargate Argentina too—500 megawatts, $25 billion.
Oracle finances aggressively. $16.3 billion debt for one Michigan building—a record. Banks wary; yields rose on construction risks, per recent X buzz. Oracle backstops via SPVs, spending $48 million per megawatt for OpenAI.
Stargate reshapes AI. OpenAI diversifies from Microsoft Azure. Partners like Cerebras join. But risks linger. Delays. Debt loads. Power grids strained. Partner squabbles.
Yahoo Finance noted February 2026 reports of renewed stalls. Yet sites advance. Abilene runs partial ops. Milam builds. OpenAI claims $400 billion locked, 7 gigawatts planned.
Jobs flow. Texas, Ohio, New Mexico boom. Trump touted 100,000. Reality: thousands now, scaling.
Geopolitics weaves in. UAE’s G42 eyes Stargate-like 5-gigawatt Abu Dhabi campus with OpenAI, NVIDIA. Saudi’s Humain courts xAI. Middle East races for AI sovereignty.
Stargate endures. Not flawless. Not fast. But real. From White House hype to dirt-turning deals, it powers OpenAI’s frontier models. Compute scarcity ends here—or so they bet. Watch Texas. Watch the watts rack up.
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