Deals
Oracle sends force majeure notice on New Mexico Stargate campus
Oracle has sent a force majeure notice to the Blue Owl unit developing Project Jupiter, the Stargate AI data center campus in New Mexico; TechCrunch, citing Bloomberg’s first report, says the move would let Oracle delay payments if the site misses its 2028 go-live target rather than exit as main tenant. A source told Reuters the notice cites potential delays in securing power, which is Oracle’s responsibility under the contract; Oracle says Project Jupiter remains on its planned schedule, and Blue Owl says the notice does not change its financial commitments. This is Oracle’s Project Jupiter notice in New Mexico, not the Stargate site in Abilene, Texas, and not a lease termination.