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Force Majeure

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Oracle Hits Setbacks in New Mexico's 'Project Jupiter' Data Center Build

Oracle issued a force majeure notice to the developer of its Project Jupiter data-center site in New Mexico, according to reporting on the project. The company has also dropped one key development partner amid the buildout, while local residents have pushed back against the project.

Oracle stock falls 4% after report of force majeure notice on New Mexico data center

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.