SoftBank Defends Stargate Investment, Downplays Financial Risk

SoftBank Defends Stargate Investment Program

SoftBank Group has defended its involvement in the massive $500 billion Stargate investment program in the United States. The company claims that its financial burden will be limited, despite concerns raised by Elon Musk about the project's viability.

Yoshimitsu Goto, SoftBank's chief financial officer, addressed these concerns during a press conference. He emphasized that SoftBank will not be directly investing tens of trillions of yen from its own assets or cash. Instead, the company will be forming projects within the program, which will be handled by participating lenders and equity investors.

This approach aims to mitigate the financial risk for SoftBank while still allowing the company to participate in the potentially lucrative Stargate program. However, Elon Musk's skepticism about the project's viability has raised questions about its long-term success.

It remains to be seen whether SoftBank's strategy will prove effective and whether the Stargate program will ultimately deliver on its ambitious goals.