At SoftBank's 46th Annual General Meeting on June 24, CEO Masayoshi Son countered the theory of an AI bubble, stating "Saying it's a bubble is an insult to AI." He then dismissed Elon Musk's concept of an "orbital data center," saying "Space data centers are meaningless." Son argued that electricity accounts for only about 7% of the operating costs of an AI data center, while chips account for about 93% of the total cost. Industry analysis shows the cost of building a 1-gigawatt orbital data center is about $170 billion, three times that of an equivalent ground-based facility, with more than 60% of the budget consumed by rocket fuel and launch logistics. Son emphasized time, saying "In the AI competition, the next few years are far more important than what happens ten years later." He vowed to lead SoftBank for another 10 to 15 years, stating "I don't have time to retire." Son also said he hopes to increase SoftBank's net asset value to 1000 trillion yen (about $6.189 trillion) in the next decade.