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Sep 24, 2026

Oracle sends force majeure notice on New Mexico Stargate data center

Oracle issued a force majeure notice to the developer of Project Jupiter, a Stargate data center campus in New Mexico, seeking to protect itself from potential cost increases. The company's stock fell 4% following the news.

Sep 24, 2026·4 sources

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Top claims

▪Concerns have risen over Oracle's $18 billion in debt tied to the data center project known as Project Jupiter, which is reportedly trading at stressed levels
▪Oracle secured $18 billion in loans from multiple banks for Project Jupiter, a New Mexico data center project, in 2025
▪Oracle co-CEO Clay Magouyrk stated on a September 10, 2026 earnings call that Project Jupiter, a New Mexico data center project, would not affect Oracle's previously stated fiscal year 2027 revenue or earnings guidance

Subtopics

AI Data Center Gold Rush1 Compute, chips & AI infrastructure1 Data center construction1

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