GoKawiilOracle invokes force majeure on New Mexico Stargate data center financing
Oracle sent a force majeure notice to lender Blue Owl Capital over a $18 billion hyperscale data center in New Mexico that is part of Trump's Stargate AI initiative, according to Bloomberg. The move shields Oracle from liability tied to missing certain development permits, as the facility, meant to run on 2.45 gigawatts of power, faces delays after Oracle scrapped a planned natural gas plant and pivoted to unproven solid oxide fuel cell technology.
GoKawiil's interpretation of the reporting above, not reported fact.
Financial commentators cited in the report view the force majeure filing as an attempt by Oracle to avoid upcoming payment obligations should the data center miss its 2028 completion target. The reliance on solid oxide fuel cells, whose largest prior deployment is only 80 megawatts, raises doubts about whether the facility can reach its planned scale, which could ripple through the broader $500 billion Stargate AI infrastructure effort.
- Oracle filed a force majeure notice to Blue Owl Capital over the New Mexico data center's financing.
- The facility lost its natural gas power plan and is now pivoting to untested solid oxide fuel cell technology at a scale far beyond existing deployments.
- The project is a key piece of the $165 billion 'Project Jupiter' campus within Trump's broader $500 billion Stargate AI initiative.
Source: futurism.com — Joe Wilkins, 2026-09-25
Published there as: “Trump’s Stargate AI Project in Huge Trouble As $18 Billion Data Center Shrivels Toward Oblivion”
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