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Stargate live updates: OpenAI pushes forward on Michigan data center after slashing spend

CNBC June 01, 2026 1 views
Stargate live updates: OpenAI pushes forward on Michigan data center after slashing spend

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David Faber on the $16 billion Stargate AI data center
OpenAI and Oracle are holding an official groundbreaking ceremony for their $16 billion Stargate campus in Saline Township, Michigan, on Monday.
The
data center project, which is being developed by Related Digital, began construction roughly three months ago. The companies said the exterior of one building is almost complete.
In January 2025, President
Donald Trump unveiled the Stargate project alongside OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison during an event at the White House. The companies pledged to deploy $500 billion over four years to build out new artificial intelligence infrastructure in the U.S.
Altman rattled markets by inking a flurry of multi-billion-dollar infrastructure deals that year, writing in a post in November that OpenAI was looking at commitments of about
$1.4 trillion, including Stargate, over the next eight years. But as the company gears up for a potential initial public offering, it's outlined a more measured strategy, telling investors in February that it's targeting roughly $600 billion in total compute spend by 2030.
CNBC's David Faber will have interviews with the key figures in the buildout throughout the day:
Stargate Michigan's size and location
The Stargate site in Michigan was announced late last year, and Related Digital said in a release that it will be developed on 250 acres of land in Saline Township, which is located southwest of Ann Arbor in Washtenaw County.
The project consists of three 550,000 square foot single-story buildings, and was dubbed "The Barn" because of the red barn that marks the entrance to the site.
β€”Ashley Capoot
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<small>Source: CNBC</small>

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