Oracle · Bloomberg · Blue Origin · CNBC Technology
Bloomberg was first to report the news, citing
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The company is looking to delay payment on the campus, dubbed Project Jupiter, if it fails to come online as expected in 2028, according to the report.
Key facts
- Oracle co-CEO Clay Magouyrk told analysts on the company's earnings call on Sept. 10 that Project Jupiter would not affect its previously stated fiscal 2027 revenue or earnings guidance
- Shares of Bloom Energy, which is slated to power the more than 2.4-gigawatt facility with its fuel cells, fell 3% on the news
- Concerns have also mounted over Oracle's $18 billion in debt tied to the data center, which is already trading at stressed levels
- Oracle shares fell more than 3% on Thursday following news that the company sent a "force majeure" notice tied to its New Mexico data center project to protect itself from higher expenses
Summary
Oracle shares fell more than 3% on Thursday following news that the company sent a "force majeure" notice tied to its New Mexico data center project to protect itself from higher expenses. "Project Jupiter remains on our planned schedule," Oracle said . Bloomberg was first to report the news, citing . Oracle sent the notice to the developer, which is a unit of Blue Owl Capital, CNBC confirmed.