ALT If OpenAI Fails To Raise $852 Billion In Revenue, Funding and Debt Throughout The Next 4 Years, The Stargate Data Center Project Will Kill Oracle To make the Stargate data center project happen, Oracle has had to sign deals with effectively every major bank, investment fund and asset manager in both America and Asia, and needs at least another $150 billion just to start earning revenue from OpenAI. For that revenue to be possible, OpenAI must grow to a pace and scale unseen in the history of software. If you believe reports (I don’t!), OpenAI grew from $3.7 billion in revenue in 2024 to $13.1 billion in 2025, or roughly 3.5X year over year - for it to reach its goals, it will have to grow by 250% at minimum, every single year, without fail, and as it does so continue to raise funding at a pace and scale beyond anything in the history of business, let alone the tech industry. This isn’t me being a hater or a skeptic or a pessimist, but doing the very simple mathematics that someone at

ALT As I covered in the Hater’s Guide To Oracle, its business is, in some ways, systemically-necessary, meaning that at the very least its database business would be sold to either a consortium of investors or a large company like Microsoft. And its collapse would only happen after one of the most brutal declines in shareholder value in modern history. Oracle’s only saving grace for the last few years has been the growth of its cloud infrastructure division, with investors heavily banking on its GPU business for future guidance. Once that story collapses, so too will any faith in the value of its stock. The Collapse of Stargate and Oracle Would Destroy Larry Ellison’s Wealth, As He’s Pledged $60 Billion In Oracle Shares As Collateral On Loans That’s a very bad thing for Larry Ellison, who holds around 40% of Oracle’s shares and receives a dividend of around $1.4 billion a quarter as a result, especially as he’s backed the $111 billion Paramount-Warner Brothers Discovery merger deal wi

ALT The collapse of Oracle would be horrendous for its customers - many of whom are in the public sector - and for those unfortunate to still work there. It will likely involve firesales of assets like Cerner (and the greater Oracle Health vertical), or even breaking up the entire company. And everything rides on Sam Altman’s ability to raise funding and make revenue to the tune of $852 billion in the space of 4 years. Good luck, Larry!