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.
futurism.com
· 2026-09-25
Oracle sent a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, according to Bloomberg. The notice would let Oracle delay payments if the facility fails to meet its 2028 launch target, though the company says it isn't trying to exit as the site's main tenant. Both Oracle and Blue Owl Capital, whose unit received the notice, say the project's financial commitments remain unchanged and construction is on schedule.
techcrunch.com
· 2026-09-24
Bloomberg reported that Oracle sent a 'force majeure' notice tied to its Project Jupiter data center campus in New Mexico, citing people familiar with the matter. The notice reportedly aims to let Oracle delay payments if the facility, being developed with Blue Owl Capital, isn't operational by 2028 as planned. Oracle shares dropped about 4% following the report.
cnbc.com
· 2026-09-24
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