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

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. Force majeure clauses, common in energy and commodities contracts, excuse a party from contractual obligations when events outside its control get in the way. Oracle is not seeking to exit as the campus's main tenant, according to Bloomberg's sources. Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online. 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.