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Oracle Issues Force Majeure on New Mexico Data Center

4 sources · updated 2026-09-25
Left 67% Center 33% Right 0%
2 left · 1 center · 0 right

What happened

Oracle sent a force majeure notice to Stack Infrastructure, a Blue Owl Capital unit developing Project Jupiter, a planned roughly 2.45-gigawatt AI data center campus in New Mexico. Bloomberg first reported the notice on Thursday, saying it would let Oracle delay payments if the facility misses its expected 2028 start. Oracle stated that Project Jupiter remains on its planned schedule and that it is fully committed to New Mexico. Blue Owl Capital said the notice does not change financial commitments to the multi-year project. Oracle shares fell several percent after the report.
Sourcing check · Fully on the record · 3 articles

3 of 3 articles cite a named source for the story. It was on the record from the first report, credited to Bloomberg. Most articles credit Bloomberg rather than reporting it themselves.

What these terms mean and how they're counted
On the record · names a source 3 of 3
On the record means the article cites a source by name for the story's main claim: a person, or an institution speaking officially, such as a company statement or a named agency's spokesperson. The opposite is an unnamed source. The count is how many of the counted articles cite at least one such source; the names are everyone named across them, each once however the articles spell it. Here: Oracle, Blue Owl Capital, Michael Egbert and Bloom Energy
Primary evidence · cites a document or data 0 of 3
Primary evidence means the article cites a record you could check yourself: a court filing or ruling, a dataset or report, a recording or transcript, an official statement or press release, market data. A quote is not a document. The count is how many articles cite one. Here: None cited.
Credits another outlet 2 of 3
The article says the story comes from another outlet's reporting (“first reported by Reuters”). Those articles relay the story; they are not independent confirmation. Here: Bloomberg
Unnamed sources 2 of 3
The main claim is attributed to people who are not identified: “people familiar with the matter”, “officials said”. The count is how many articles do this. Here: e.g. “Bloomberg first reported”, “Bloomberg’s sources”
How it developed
When the first report landed and whether it named anyone; when the first named source and the first document appeared. Here: First report Sep 24, 18:11 UTC by TechCrunch, crediting Bloomberg, naming its source.
Not counted 0
Opinion, analysis and video pieces, and articles too short to assess. Every count above is out of the counted articles. An article republished under a new headline is one article.
This is about who is cited, not whether the story is true. Each source below says what it names. How we count
BLINDSPOT. Only left-leaning outlets are covering this story — the other side's media is silent.
Omitted — what each side leaves out

Unpacked

Right-leaning coverage has not reported this story at all, so those readers miss that Oracle sent a force majeure notice on its New Mexico data center. Left-leaning coverage reports the company is looking to delay payment on Project Jupiter if the campus is not online in 2028. Oracle said it is still committed to New Mexico. Blue Owl Capital said the notice does not change its financial commitments to the project. Left-leaning coverage splits on what the notice sits inside. CNBC ties the campus to Stargate and to local opposition ahead of the midterms, while Business Insider leads with questions about Oracle's "ability to deliver" on AI data centers. What event outside Oracle's control is the force majeure notice actually citing?
Bottom line

Oracle's force majeure notice on Project Jupiter is a left-only story so far, and CNBC's Stargate-and-midterms version never appears in Business Insider.

The receipts — 5 facts one side's coverage lacks
  • Oracle is looking to delay payment on Project Jupiter if the campus fails to come online as expected in 2028 numberin CNBC, TechCrunch · absent from right-leaning coverage
  • Oracle is not seeking to exit as the campus's main tenant contextin TechCrunch · absent from right-leaning coverage
  • An Energy Transfer pipeline meant to supply the site has been delayed to February 1, 2027 numberin TechCrunch · absent from right-leaning coverage
  • A separate air-quality permit for the fuel-cell system is pending with a November 23 deadline numberin TechCrunch · absent from right-leaning coverage
  • Oracle reported $28.5 billion in first-quarter capital expenditures numberin Business Insider · absent from right-leaning coverage
The Left View
CNBC and Business Insider reported that Oracle sent the force majeure notice to protect itself from higher expenses if Project Jupiter is delayed, and that Oracle shares dropped about 3% to 5%. They framed the move as raising investor questions about whether Oracle can bring enough AI data-center capacity online to turn its backlog into revenue, citing large capital spending, roughly $18 billion in related debt, and analyst notes. Coverage placed the campus in the Stargate AI infrastructure buildout announced with President Donald Trump and listed setbacks including local opposition, environmental concerns, a delayed natural-gas pipeline meant to supply Bloom Energy fuel cells, and a pending air-quality permit. Oracle, Blue Owl, and Bloom Energy all said they remain committed to the planned timeline; some analysts called the notice commonplace legal protection, while RBC said it signaled Oracle's own delay-risk assessment had shifted.
Our Take (balanced)
The story is substantive: it rests on named actors, a specific legal notice, on-the-record company statements, a measurable stock move, and checkable project details. Established: Oracle sent a force majeure notice to the Blue Owl/Stack developer of Project Jupiter in New Mexico; Oracle and Blue Owl say schedule and financial commitments are unchanged; shares fell. Alleged or not independently shown in these reports: the notice's full terms and Bloomberg's unnamed-source claim that Oracle is seeking to delay payment if the 2028 online date slips. No right-leaning outlet has reported this. Watch for the New Mexico Environment Department air-quality decision due by November 23, Energy Transfer pipeline updates toward the February 1, 2027 target, any securities or contract filings that publish the notice, and further statements from Oracle, Blue Owl, Stack Infrastructure, and Bloom Energy.

4 sources

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