AI Capex Tracker

OpenAI Stargate September pipeline

commitment · AI lab

More than USD 400bn1

More than. Three-year investment pipeline. Announced Stargate investment pipeline above USD 400bn, nested within the launch target. Includes Oracle and CoreWeave projects; do not add to the launch plan. Original disclosure.

Verified

Disclosure dated 2025-09-23

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What this value measures

Joint infrastructure investment plan. Announced Stargate investment pipeline above USD 400bn, nested within the launch target. Includes Oracle and CoreWeave projects; do not add to the launch plan. Source definition.

Keep commitment separate from other value types. Annual totals, forecast vintages, programme components and customer contracts can describe overlapping infrastructure. Read the overlap rules.

The reading

Amounts in source currency, billions
Company / programme Reporting entity, programme owner or contract seller. Editorial grouping follows the named source.
OpenAI 1
Sector Editorial sector classification based on the disclosed business or programme.
AI lab 1
Value type Capex is reported expenditure; commitment is a purchase agreement or announced investment; guidance is a forecast; programme budget is a policy envelope. Types are never summed.
commitment 1
Amount bn Monetary amount in billions of the stated currency. The qualifier identifies ceilings, floors and approximations. Null means no exact monetary value disclosed.
400 1
Currency Source currency, retained without FX conversion. Applies only to monetary amounts; compare within a single currency.
USD 1
Qualification Reported, approximate, range, upper/lower bound or plan status, as stated in the source.
More than 1
Period / horizon Original fiscal period or announced multi-year horizon. Annual totals overlap quarters; future horizons do not imply actual spend.
Three-year investment pipeline 1
Disclosure date Date of the cited disclosure or its stated update. Null where a precise date was not verified. Access date is separately recorded.
2025-09-23 1
Measurement basis Accounting or contractual definition. Customer lease revenue is a commitment by the customer, not vendor capex; investment plans are prospective.
Joint infrastructure investment plan 1

Sources

  1. OpenAI — Stargate September pipeline accessed 2026-11-11

Cite this reading

AI Capex Tracker, “OpenAI Stargate September pipeline”, https://aicapextracker.com/openai-stargate-september-pipeline/ (verified 2026-11-11).

Compilation: CC BY 4.0. CSV or JSON with provenance.

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