StocksMedium•11 November 2026•
1 min read
SoftBank Incurs $3.7B Loss on Canceled AI Data Center Turbine Orders
Key Facts
1SoftBank incurred a $3.7 billion loss after canceling gas turbine reservations intended for AI data centers.
2The company canceled contracts for over 13 gigawatts of power capacity, including remaining reservations with GE Vernova.
SoftBank incurred a $3.7 billion loss after canceling gas turbine reservations intended for AI data centers. Tom's Hardware reported that the company canceled contracts for over 13 gigawatts of power capacity, which included terminating remaining reservations with supplier GE Vernova.
The cancellation follows recent allegations by Elon Musk regarding defaults, which SoftBank initially denied, and reflects a significant scale-back in its AI infrastructure buildout. SFTBY closed at $11.26 on November 10, 2026, while GEV closed at $797.04 on the same date.