Construction on the site has faced a six month delay for a key gas pipeline along with disputes over water rights and shifting state data center rules. Total construction debt for the project is $18B and is currently trading below 90 cents on the dollar. Oracle stated that the project remains on schedule and described the legal notice as a standard measure to preserve contractual rights among partners in large scale developments.
Tuesday, October 20, 2026
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Oracle Issues Force Majeure on $18B Project With Debt Below 90 Cents
Business26 days ago
The software giant has notified Blue Owl Capital Inc. that it intends to defer payment obligations for its 2.45GW New Mexico data center if the site is not operational by 2028. This action protects the company from accruing expenses on the Project Jupiter facility, a central component of the Stargate AI buildout, while it manages ongoing regulatory and infrastructure hurdles.
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