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Oracle sends force majeure notice on its New Mexico Stargate data center

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Oracle has sent a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, Bloomberg first reported Thursday.

Key facts

Summary

Force majeure clauses, common in energy and commodities contracts, excuse a party from contractual obligations when events outside its control get in the way. The notice also comes as AI data center construction faces growing scrutiny nationally, and as developers take on steep costs to build capacity for customers like OpenAI. Oracle maintains that it does not expect a delay. Blue Owl Capital, whose unit received the notice, said in its own statement to CNBC that “this notice does not change the financial commitments to this multi-year project.”

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