Market
On which exchange will Stargate's first public debt instrument trade by December 31, 2025?
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Stock exchange listings or announcements from Stargate, OpenAI, or SoftBank
Story
OpenAI and SoftBank Each Commit $19 Billion for 40% Stake in Stargate AI Data Center Venture
Jan 23, 2025, 01:43 AM
OpenAI and SoftBank are each committing $19 billion to fund Stargate, a joint venture aimed at developing AI data centers in the U.S. The initiative, known as the Stargate Project, will be structured like a venture fund, with the potential for the debt it raises to trade publicly. Sam Altman, CEO of OpenAI, has informed some colleagues about the commitment. OpenAI is expected to hold a 40% interest in the venture, with SoftBank also taking a 40% stake. The funding will come from a mix of equity and several types of debt financing.
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