NEWS · COMPANIES · #989
Oracle issues force majeure notice for Project Jupiter (Stargate New Mexico data center)
Oracle has sent a force majeure notice to the developer of Project Jupiter, the Stargate data center campus in New Mexico, according to Bloomberg; the notice would allow Oracle to delay payments if the facility misses its 2028 target to come online. Oracle and the developer’s owner (Blue Owl Capital) say commitments remain intact, but the site has faced energy-supply setbacks including a delayed Energy Transfer gas pipeline and pending permits for Bloom Energy fuel cells.
KEY POINTS
- Oracle has sent a force majeure notice to the developer of Project Jupiter, the Stargate data center campus in New Mexico, according to Bloomberg; the notice would allow Oracle to delay payments if the facility misses its 2028 target to come online.
- Oracle and the developer’s owner (Blue Owl Capital) say commitments remain intact, but the site has faced energy-supply setbacks including a delayed Energy Transfer gas pipeline and pending permits for Bloom Energy fuel cells.
- This affects timelines and risk for a major AI infrastructure project tied to Oracle, OpenAI and SoftBank, highlighting how energy and permitting issues can delay high-density AI data centers.
WHY IT MATTERS
This affects timelines and risk for a major AI infrastructure project tied to Oracle, OpenAI and SoftBank, highlighting how energy and permitting issues can delay high-density AI data centers.