Oracle Founder Larry Ellison Plans to Sell Up to 10 Trillion Won Worth of Stock

[Financial News] Larry Ellison, founder and chairman of the board of Oracle Corporation, has set a plan to sell up to 50 million shares of Oracle Corporation stock by October 4. Based on Oracle Corporation's closing share price of $150 on the 11th (local time), the sale would amount to approximately $7.5 billion (about 10 trillion won).
Market attention is focused on how Larry Ellison's plan to sell his shares will affect confidence in Oracle Corporation, which plans to raise $40 billion (approximately 53 trillion won) through debt and capital markets for aggressive investment in building AI infrastructure, such as AI data centers.


The Financial Times (FT) reported on the 11th (local time) that, under a stock sale plan (10b5-1 trading plan) filed with the U.S. Securities and Exchange Commission (SEC) on June 22, Oracle Corporation allowed Chairman Larry Ellison to sell up to 50 million shares of Oracle Corporation stock by October 24.
Whether the actual stock sale took place will be confirmed later through an SEC disclosure.

The reason Chairman Larry Ellison's plan to sell his shares is drawing attention is the timing.
Riding the AI boom, Oracle Corporation is rapidly transforming from a traditional database software company into a major AI infrastructure enterprise.
In Oracle Corporation's earnings announcement released on the 10th (local time), revenue from Oracle Cloud Infrastructure (OCI) for the past quarter reached $7.4 billion (approximately 9.9 trillion won), surging 121% year over year and 93% quarter over quarter. As a result, Oracle Corporation's total revenue also rose 30% from the same period last year to $19.3 billion (approximately 25 trillion won). New contracts secured by Oracle Corporation in the past quarter also increased by $30 billion (approximately 40 trillion won), and its total order backlog grew to $664 billion (approximately 892 trillion won).
The problem is the cost of growth. Oracle Corporation is investing massive amounts of money upfront to build AI data centers.
Oracle Corporation's capital expenditures in the last quarter surged more than threefold to $28.5 billion (approximately 38 trillion won), compared with $8.5 billion a year earlier. As a result, Oracle Corporation's free cash flow recorded a deficit of $5.4 billion (approximately 7.2565 trillion won).
Nevertheless, Oracle Corporation plans to spend $90 billion to $95 billion (approximately 121 trillion to 127 trillion won) on capital expenditures (CAPEX) in FY2027. Given that FY2026 CAPEX was approximately $55.7 billion, this means the company intends to nearly double its investment. Most of this will go toward building AI infrastructure, such as AI data centers.

Ultimately, although Oracle Corporation has recorded nearly 30% annual revenue growth in its AI business, its investments have doubled, causing the funds that must be invested upfront to generate future revenue to increase substantially as well. To finance its massive investment costs, Oracle Corporation completed a stock issuance worth $20 billion (approximately 26 trillion won) this year and announced plans to raise a total of $40 billion (approximately 53.752 trillion won) through debt and capital markets over the course of the year.
Chairman Larry Ellison is the key figure who has led Oracle Corporation's transformation into an AI infrastructure business. Last year, he unveiled the $500 billion AI infrastructure project 'Stargate Project' at the White House alongside OpenAI CEO Sam Altman and SoftBank Group Corp. Chairman Masayoshi Son.
For this reason, market attention is focused on how Chairman Larry Ellison's sale of personal shares will affect the credibility of Oracle Corporation, which needs to raise funds to secure the massive capital required for investment.
Meanwhile, Chairman Larry Ellison is expected to retain his position as Oracle Corporation's largest individual shareholder even after this sale. He currently holds approximately 40% of Oracle Corporation's shares.

[email protected] Lee Gu-sun Reporter