Masayoshi Son’s Huge Bet on Electrical Turbines Backfires — Live Feedhttps://www.live-feeds.com/feed/masayoshi-son-s-huge-bet-on-electrical-turbines-backfiresContinuously updated, source-cited coverage. SoftBank posts $7B quarterly loss as turbine bet fails and tech selloff deepenshttps://www.live-feeds.com/feed/masayoshi-son-s-huge-bet-on-electrical-turbines-backfireshttps://www.live-feeds.com/feed/masayoshi-son-s-huge-bet-on-electrical-turbines-backfires#u201343Sat, 14 Nov 2026 23:01:25 +0000SoftBank Group reported a $7 billion net loss for its fiscal second quarter, sending shares down 11%. The loss reflects a broad tech portfolio decline and a failed $3.7 billion bet on gas turbines for AI data centers. The company canceled 13 gigawatts of reserved turbine capacity, more than six Hoover Dams' worth, days after denying Elon Musk's claim it was defaulting on orders. The Vision Fund's investment losses drove the result as public tech holdings fell sharply.Why it mattersMasayoshi Son has concentrated SoftBank's capital on AI infrastructure, betting that massive c