The White House broke its days-long silence about SpaceX CEO Elon Musk on Friday, as questions swirled about whether Musk had rankled President Donald Trump when he publicly bashed Stargate, the Trump administration's first major tech initiative.

President Donald Trump unveiled this program in collaboration with key figures from the tech industry, including SoftBank CEO Masayoshi Son, OpenAI CEO Sam Altman, and Oracle Chairman Larry Ellison

Trump was joined by SoftBank Group Corp.’s Masayoshi Son, OpenAI’s Sam Altman and Oracle Corp.’s Larry Ellison at the White House to announce the venture, dubbed Stargate, which they said would deploy $100 billion immediately with the goal of eventually spending $500 billion for the construction of data centers and physical campuses.

President Trump announced The Stargate Project, a massive AI infrastructure initiative that could cement the U.S. as the global leader in this technology. Explore its goals and implications.

Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.

Mr. Trump had claimed the A.I. announcement as an early trophy, taking credit for the companies’ decision to spend up to $500 billion building data centers.

President Donald Trump on Tuesday announced Stargate, a new entity that plans to invest $500 billion in artificial intelligence infrastructure with the goal of making advancements in industries like health care and positioning the U.S. as the leader in AI.

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

Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on Jan. 20, 2025, in Washington, D.C. Donald Trump takes office for his second term as the 47th president of the United States. (Julia Demaree Nikhinson/Pool/Getty Images/TNS)

Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.

It sure seems like we’re witnessing the beginning of a very messy, very dramatic breakup between Donald Trump and his “First Buddy,” Elon Musk, after the president refuted Musk’s claims about the ambitious U.