Oracle has issued a force majeure notice on Project Jupiter, the 2.45-gigawatt data center it is building in Doña Ana County, New Mexico, seeking legal cover to defer payments if the campus does not come online as planned in 2028.
The notice was sent to the project's developer — reported to be a unit of Blue Owl Capital, alongside infrastructure firm Stack Infrastructure — and cites potential delays in securing power and other setbacks. Force majeure is the clause normally invoked for events beyond a party's control; here it functions as a financial shield rather than a walk-away. Oracle is not abandoning the site, and the company says the project remains on schedule.
Jupiter sits inside the broader Stargate wave of AI infrastructure, and the plan calls for gas-powered fuel cells from Bloom Energy to supply power. The project has run into fierce local opposition, regulatory challenges and cost pressure, and roughly 18 billion dollars in project loans are tied up in it.
The market reaction was swift: Oracle shares fell several percent on the report, with one premarket reading showing a drop of more than four percent. For a company whose AI narrative now depends on delivering enormous compute capacity on time, a public admission of schedule risk — even a hedged, legalistic one — matters.
The episode also illustrates a wider tension in the AI buildout. Gigawatt-scale campuses are being announced faster than power contracts, permits and local consent can be secured, and the gap is increasingly landing on balance sheets rather than in press releases.
