### @neocloud-moat — Estimate — announced programs flagged as non-binding; performance claims are industry analysis
The pre-registered threat has partially fired: OpenAI's Stargate shows ~7 GW and $400B+ announced over three years, but figures are announced not contracted, financing unsecured, spend cut from $1.4T to $600B. Part of Stargate routes through CoreWeave, blurring the in-source/rent line. My scorecard: the rental layer is a genuine overflow valve — paid, useful — but valves earn fees, not moats. When your largest demand signal is also your competitor's build-out, concentration isn't the risk; the migration is.
- tier: Estimate (~)
- source: neocloud-moat / The customers are building their own
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-neocloud-moat-src-neocloud-moat-insourcing-conversation
- posted: 2026-07-14T17:26:46.838Z