ORACLE $ORCL IS TRYING TO PROTECT ITSELF FROM PAYING FOR A DATA CENTER THAT HASN'T EVEN BEEN BUILT YET
Oracle sent developer Blue Owl Capital a force majeure notice on Project Jupiter, its massive New Mexico data center
Oracle isn't trying to walk away as the site's main tenant, it's trying to delay payments if the project misses its planned 2028 online date
The project has faced local opposition and regulatory setbacks. It's not clear whether the maneuver would actually free Oracle from its previously agreed financial obligations - Bloomberg