Oracle issues force majeure on New Mexico Stargate data center
The gist
Oracle sent a force majeure notice on its New Mexico Stargate data center; shares fell 4%.
The $165bn Project Jupiter campus is central to Oracle's AI buildout for OpenAI.
How it unfolded
- MarchThe New Mexico State Land Office rejected rights-of-way for a supply pipeline.
- JulyThe State Land Office rejected the rights-of-way again, with Land Commissioner Stephanie Garcia Richard citing emissions and the strain on water and other local resources.
- AugustOracle said the project remained on schedule, and Bloomberg reported the pipeline's route had been changed following the rejections.