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OpenAI Secures $30 Billion Data Center Services Deal With Oracle For Stargate Initiative
SOLD

OpenAI Secures $30 Billion Data Center Services Deal With Oracle For Stargate Initiative

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Building Size

Asset Type

Closing

Jul 23, 2025

AI

OpenAI, led by CEO Sam Altman, has entered into a data center services agreement with Oracle valued at $30 billion per year. This transaction is one of the largest cloud contracts ever disclosed, aimed at bolstering OpenAI’s Stargate initiative to secure substantial cloud infrastructure capacity, estimated at 4.5 gigawatts.

Summary of transaction details:

  • Deal Type: Data Center Services Agreement
  • Transaction Amount: $30,000,000,000
  • Client: OpenAI
  • Vendor: Oracle
  • Key Executive: Sam Altman (CEO of OpenAI)
  • Notable Figure: Larry Ellison (founder of Oracle)

OpenAI, which focuses on artificial intelligence and its applications, has positioned itself to significantly reshape cloud infrastructure demands through this deal. The partnership has also had financial implications for Oracle, contributing to Larry Ellison's rise in the billionaire index.

Players

Larry Ellison

Oracle

Landlord

$763M

vol

9 deals

Landlord

Sam Altman

OpenAI

Tenant

18 deals

Tenant

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93