⚡Oracle Files Force Majeure on $2.45GW Stargate Site in NM
TL;DR
Oracle sent a force majeure notice on Project Jupiter, the 2.45GW Stargate campus in New Mexico, so it can delay payments if the site misses 2028. Oracle insists the schedule has not slipped.
Oracle sent a force majeure notice on Project Jupiter, the 2.45GW Stargate campus in New Mexico, so it can delay payments if the site misses 2028. Oracle insists the schedule has not slipped.
Key Points
The notice went to a Blue Owl Capital unit, the site's developer; Bloomberg broke the story on Sept 24
Oracle is not exiting as anchor tenant, but can defer payments if the 2028 target is missed
The campus runs on Bloom Energy gas fuel cells, and the Energy Transfer pipeline feeding it has slipped to Feb 1, 2027
A pending air-quality permit faces a Nov 23 decision deadline from New Mexico's environment department
Why It Matters
Stargate's bottleneck is gas pipes and permits, not GPUs. Anyone modeling OpenAI's compute ramp should haircut timelines on sites that depend on new fuel supply.
Quick Facts
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