But within hours of the announcement, SpaceX CEO Elon Musk had already started taking shots at Trump's highly touted project. Newsweek reached out to SpaceX and a White House spok

Elon Musk raises concerns about the Trump-backed $500 billion Stargate AI Project, questioning SoftBank's ability to fund the initiative.

Stargate is supposed to spend $500 billion on AI infrastructure, President Trump said. But Elon Musk suggested that the venture has much less cash.

Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY -0.36% + Free Alerts SFTBF + Free Alerts has “well under $10B secured.”

On Tuesday, Japanese tech investor SoftBank Group joined U.S. peers OpenAI and Oracle to unfurl the massive spending initiative, dubbed the "Stargate" project. The plan is to initially commit $100 billion then increase spending to $500 billion over the next four years.

The project backed by Oracle, OpenAI, and SoftBank was announced by President Donald Trump Jan. 21, but it's not without its detractors.

They don’t actually have the money,” Elon Musk wrote on his social media platform, exposing an early internal rift within the White House.

Elon Musk has expressed doubts about the financial feasibility of the $500 billion Stargate AI Project announced by President Donald Trump. The project, led by OpenAI and SoftBank, aims to build AI infrastructure across the US,

Elon Musk, the close Trump adviser who has his own AI company and was notably not at the press conference, erupted Wednesday with a relentless stream of online mockery. “They don’t actually have the money,

Trump is signing sweeping executive orders this week, targeting DEI programs, climate agreements, and border security. Follow Newsweek's live blog coverage.

Elon Musk has poured cold water over a multi-billionaire dollar AI project announced by Donald Trump on Monday.