Larry Ellison’s debt-funded scramble to turn Oracle into an AI hyperscaler, from the January 2025 White House announcement of Project Stargate – as much as $500 billion over four years across 500,000-square-foot data centres producing 10 gigawatts – to a credit rating now a notch above junk and steeper interest rates from lenders. Ellison is personally worth about $55 billion less than on the day of that announcement and more than $200 billion below his September peak, against an estimate that an AI crash would wipe out $20 trillion in American wealth.
Summarized by AI.
🔗 Larry Ellison Bet It All on the A.I. Boom. Will He Be the Face of the A.I. Bubble?
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