Oracle issues force majeure on 2.45 GW AI data center

Oracle issued a force majeure notice to STACK Infrastructure regarding Project Jupiter, a massive artificial intelligence data center campus. The development site spans 1,400 acres and is designed for 2.45 gigawatts of power capacity, with an original target to go online commercially in 2028.

The project involves an $18 billion loan arranged by a bank consortium alongside $3 billion in equity from Blue Owl Capital. Under the financing structure, Blue Owl was slated to receive a 9% unlevered yield during construction and an 11% levered yield once the facility was completed.

Following reports of the power-related delays on September 24, 2026, shares of both Oracle and Blue Owl Capital fell 4%. Bloom Energy shares dropped 6% amid concerns over power supply contracts tied to the project.

The disruption follows previous adjustments in Oracle's data center pipeline, including the separate $10 billion Saline Township project planned for 1 gigawatt of capacity.